In the 17th century, London’s importance as a trade centre led to an increasing demand for ship and cargo insurance. Edward Lloyd’s coffee shop became recognised as the place for obtaining marine insurance and this is where the Lloyd’s that we know today began.

From those beginnings in a coffee shop in 1688, Lloyd’s has been a pioneer in insurance and has grown over 330 years to become the world’s leading market for specialist insurance.

Aviation insurance was first introduced in the early years of the 20th century.  The first ever Aviation Insurance policy was written by Lloyd’s of London in 1911.  The company stopped writing policies a year later after bad weather caused a series of crashes, but in 1919, underwriter Cuthbert Heath started the British Aviation Association.

The first space satellite insurance was placed in 1965, covering physical damage to the Intelsat 1 on pre-launch.

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