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Marine Insurance - Origins and Institutions, 1300-1850 (Hardcover, 1st ed. 2016)
Loot Price: R2,447
Discovery Miles 24 470
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Marine Insurance - Origins and Institutions, 1300-1850 (Hardcover, 1st ed. 2016)
Series: Palgrave Studies in the History of Finance
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Since its invention in Italy in the fourteenth century, marine
insurance has provided merchants with capital protection in times
of crisis, thus oiling the gears of trade and commerce. With a
focus on customs, laws, and organisational structures, this book
reveals the Italian origins of marine insurance, and tracks the
spread of underwriting practices and institutions in Europe and
America through the early modern era. With contributions from
eleven leading researchers from seven countries, the book examines
key institutional developments in the history of marine insurance.
The authors discuss its invention in Italy, and its evolution from
private to corporate structures, assessing the causes and impacts
of various state interventions. Amsterdam and Antwerp are analysed
as one-time key centres of underwriting, as is the emergence and
maturity of marine insurance in London. The book evaluates an
experiment in corporate underwriting in Cadiz, and the development
of insurance institutions in the United States, before applying the
metrics of underwriting to discuss commerce raiding in the Atlantic
up to the nineteenth century.
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