The Insurance Industry started at Edward
Lloyd's coffee house in London in the late 1680s. Edward Lloyd's was a popular meeting spot for master
mariners, merchants and ship owners. All the news about the departures of ships, their estimated time of arrival at the port to which they were sailing ,and the cargoes being carried was discussed over coffee and something to eat. Lloyds rapidly became the place where ships and their cargoes were
insured against loss at sea. Today Lloyds of London is still the leading marine and specialist insurance market in the world.