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, Lloyd's List, 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 1713, the year of Edward Lloyd's death, he modified his will to assign the lease of the coffee house to his head waiter, William Newton, who then married one of Lloyd's daughters, Handy. Newton died the following year and Handy subsequently married Samuel Sheppard. She died in 1720 and Sheppard died in 1727, leaving the coffee house to his sister Elizabeth and her husband, Thomas Jemson. Jemson founded the Lloyd's List newspaper in 1734, similar to the previous Lloyd's News.[5] Merchants continued to discuss insurance matters there until 1774, when the participating members of the insurance arrangement formed a committee and moved to the Royal ExchangeonCornhill as the Society of Lloyd's.
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]Ablue 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.
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The following is a list of organisations named after Lloyd's Coffee House:
Lloyds Bank and its related organisations are not named after the London coffee house; the bank was founded in BirminghambySampson Lloyd.
Lloyd's coffee house was a popular establishment for English citizens that engaged in the Atlantic Slave Trade. The London Gazette hosted many advertisements about runaway slaves listing Lloyd's coffee house as the location to return them.[7]
Lloyd's became the "global centre" for insuring slaves and the ships that carried them.[8] Market participation in the transatlantic slave trade was the source of the profits that are the foundation to the capital used in the creation of further Lloyd's organizations.
51°30′46″N 0°05′15″W / 51.5127483°N 0.087497°W / 51.5127483; -0.087497
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