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Lloyd's Coffee House

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.[1][2] The establishment was a popular place for sailors, merchants and shipowners, and Lloyd catered to them by providing reliable shipping news. The shipping industry community frequented the place to discuss maritime insurance, shipbroking and foreign trade.[2] The dealings 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.[3]

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.[2] Candle auctions were held in the establishment, with lots frequently involving ships and shipping.[4] From 1696–1697 Lloyd also experimented with publishing a newspaper, Lloyd's News, reporting on shipping schedules and insurance agreements reached in the coffee house.[5] In 1727, Edward Lloyd gave ownership of the coffeehouse to Thomas and Elizabeth Jemson, who founded the Lloyd's List newspaper in 1734, similar to the previous Lloyd's News.[5] 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.[6] A blue plaque in Lombard Street commemorates the coffee house's second location (now occupied at ground level by Sainsbury's supermarket).[4] 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: Österreichischer Lloyd: an Austrian, major mediterranean shipping company founded in 1833, which after World War I became Lloyd Triestino Austrian Lloyd Ship Management: a Cypriot company founded in 1991 or 1951

  • 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)

Lloyds Bank and its related organisations are not named after the London coffee house; the bank was founded in Birmingham by Sampson Lloyd.

References

[1]
Citation Linkpress.oxforddnb.comPalmer, 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.
Sep 27, 2019, 10:46 AM
[2]
Citation Linkarchive.orgMarcus, G. J. Heart of Oak: A Survey of British Sea Power in the Georgian Era. Oxford University Press. p. 192. ISBN 0192158120.
Sep 27, 2019, 10:46 AM
[3]
Citation Linkarchive.orgMarcus, G. J. Heart of Oak: A Survey of British Sea Power in the Georgian Era. Oxford University Press. p. 195. ISBN 0192158120.
Sep 27, 2019, 10:46 AM
[4]
Citation Linkwww.lloyds.com"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.
Sep 27, 2019, 10:46 AM
[5]
Citation Linkwww.lr.org"Edward Lloyd and his Coffee House". Lloyd's Register. Retrieved 2019-03-07.
Sep 27, 2019, 10:46 AM
[6]
Citation Linkwww.portcities.org.uk"Lloyd's Coffee House frontage. On loan from Lloyd's of London". portcities.org.uk. Retrieved 9 June 2011.
Sep 27, 2019, 10:46 AM
[7]
Citation Linkweb.archive.org"Lloyd, Edward (c.1648–1713)"
Sep 27, 2019, 10:46 AM
[8]
Citation Linkdoi.org10.1093/ref:odnb/16829
Sep 27, 2019, 10:46 AM
[9]
Citation Linkpress.oxforddnb.comthe original
Sep 27, 2019, 10:46 AM
[10]
Citation Linkarchive.orgHeart of Oak: A Survey of British Sea Power in the Georgian Era
Sep 27, 2019, 10:46 AM
[11]
Citation Linkarchive.orgHeart of Oak: A Survey of British Sea Power in the Georgian Era
Sep 27, 2019, 10:46 AM
[12]
Citation Linkweb.archive.org"Lloyd's at 325: the story of Edward Lloyd"
Sep 27, 2019, 10:46 AM
[13]
Citation Linkwww.lloyds.comthe original
Sep 27, 2019, 10:46 AM
[14]
Citation Linkwww.lr.org"Edward Lloyd and his Coffee House"
Sep 27, 2019, 10:46 AM
[15]
Citation Linkwww.portcities.org.uk"Lloyd's Coffee House frontage. On loan from Lloyd's of London"
Sep 27, 2019, 10:46 AM
[16]
Citation Linken.wikipedia.orgThe original version of this page is from Wikipedia, you can edit the page right here on Everipedia.Text is available under the Creative Commons Attribution-ShareAlike License.Additional terms may apply.See everipedia.org/everipedia-termsfor further details.Images/media credited individually (click the icon for details).
Sep 27, 2019, 10:46 AM