Origins of London Marine Insurance: A Historical Overview to Celebrate our Centenary Year

Tuesday, 15 September 2020
12:30 pm – 1:30 pm
    • Dr Adrian B. Leonard , writer, historian, and insurance specialist

A link to join the webinar will be issued after booking.

Overview of the webinar

As this is the 100th year of the Cambridge Institute, we think it would be appropriate to step back in time.....

This webinar will reveal the astonishing history of marine insurance underwriting in London by reaching back to Lombard Street in the 1400s, explaining the origins of the Lloyd’s market, and shedding light on this critical industry’s 300 years of world leadership from London. We will explore the earliest surviving London marine insurance policy, from 1547; find out where the great London market traditions originated; learn how a man named Candeler gained a monopoly over policy preparation in the 1570s; and discover what forced the minor wine merchant Daniel Foe to change his name to Defoe and become a writer (answer: underwriting losses).

Learning objectives:

  • Understand the origins of current insurance contract wordings
  • Understand the development of marine insurance and the Lloyd's market
  • Understand why London became the world's dominant insurance market

Dr Adrian B. Leonard is a writer, historian, and insurance specialist with one foot in the University of Cambridge and the other in the City of London. His career combines journalism, academia, and commercial writing for the insurance sector. Most of his 30 years of writing have been focussed on insurance. He has advised companies from Amlin to Zurich Re. He was News Editor of Insurance Day and Press Officer at the International Underwriting Association. Meanwhile he is Associate Director of the Centre for Financial History, University of Cambridge, and is probably the world’s leading historian of marine insurance. He is editor of the only international, academic history of marine insurance (cleverly entitled Marine Insurance; Palgrave Macmillan 2016), while his book London Marine Insurance 1438-1824: Risk, Trade and the Early Modern State is due for publication in early 2021.

Additional Details

The webinar will be held via ZOOM. Full joining instructions will be sent on booking.

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