Show insurance concern one of the worlds oldest the london insurance organization known as lloyds was formed in london in the seventeenth century it was not incorporated until 1871 when that was done by act of 0 parliament it takes its name came from that of edward lloyd who kept a coffee house in tower street london in his place these underwriters met to transact their business and it became their headquarters until 1774 when they removed to the royal exchange where they have been ever since lloyds does not undertake insurance business as a corporation the business Is conducted by member firms under their own account but in accordance with the rules of the society which thus compares to the stock exchanges and similarly regulated market places lloyds Is also an organization for the collection and distribution of maritime intelligence and this Is pub listed in lloyds list the list founded in 1606 as lloyds L I 1 oyd a news N aws I 1 Is s with w ith one exception the oldest current corrent newspaper in europe the corporation also publishes various works for the benefit of members shippers and the be business world in general |