Lloyd's Coffee House
Lloyd's Coffee House was a significant meeting place in London in the 17th and 18th centuries.
It was opened by Edward Lloyd (c. 1648–15 February 1713) on Tower Street in 1686. The establishment was a popular place for sailors, merchants and shipowners, and Lloyd catered to them with reliable shipping news. The shipping industry community frequented the place to discuss maritime insurance, shipbroking and foreign trade. The dealing that took place led to the establishment of the insurance market Lloyd's of London, Lloyd's Register and several related shipping and insurance businesses.
Just after Christmas 1691, the coffee shop relocated to Lombard Street in December 1691. Lloyd had a pulpit installed in the new premises, from which maritime auction prices and shipping news were announced. From 1697–1698 Lloyd also experimented with publishing a newspaper, Lloyd's News, reporting on shipping schedules and insurance agreements reached in the coffee house. Merchants continued to discuss insurance matters here until 1774 when the participating members of the insurance arrangement formed a committee and moved to the Royal Exchange on Cornhill as the Society of Lloyd's.
Traces of the coffee house
The 17th century original shop frontage of Lloyd's Coffee House is owned by Lloyd's of London and in 2011 was temporarily re-erected on display at the National Maritime Museum. A blue plaque in Lombard Street commemorates the coffee house's second location (now occupied at ground level by Sainsbury's supermarket). It was fictionalized in the 1936 film Lloyd's of London.
Organisations named after the coffee house
The following is a list of organisations named after Lloyd's Coffee House:
- Austrian Lloyd, which could be
- Germanischer Lloyd, Germany
- Hapag-Lloyd, transportation, Germany
- Hapag-Lloyd Express, airline, Germany
- Hapag-Lloyd Flug, airline, Germany
- Lloyd Aéreo Boliviano, airline, Bolivia
- Lloyd's List and Lloyd's List Intelligence (formerly Lloyd's MIU), shipping news, London
- Lloyd's of London, insurance, London, and the Lloyd's Agency Network they created
- Lloyd's Register, risk assessment and mitigation services and management systems certification (originally maritime), London
- Norddeutscher Lloyd, shipping, Germany, and the Lloyd (car) created by a subsidiary, and the Lloyd Werft dockyard they also own
- P&O Nedlloyd (incorporating Nedlloyd)
- Palmer, Sarah (October 2007). "Lloyd, Edward (c.1648–1713)". Oxford Dictionary of National Biography. Oxford University Press. doi:10.1093/ref:odnb/16829. Archived from the original on 15 July 2011. Retrieved 16 February 2011.
- Marcus, G. J. Heart of Oak: A Survey of British Sea Power in the Georgian Era. Oxford University Press. p. 192. ISBN 0192158120.
- Marcus, G. J. Heart of Oak: A Survey of British Sea Power in the Georgian Era. Oxford University Press. p. 195. ISBN 0192158120.
- "Lloyd's Coffee House frontage. On loan from Lloyd's of London". portcities.org.uk. Retrieved 9 June 2011.
- "Lloyd's at 325: the story of Edward Lloyd". Lloyds of London. Lloyds. 15 February 2013. Archived from the original on 3 November 2014. Retrieved 6 June 2014.
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