Lloyd (suffix)

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Lloyd [ loid ] has been a synonym and part of the name for institutes and companies in the commercial shipping and maritime insurance sector since the 18th century .

Origin of name

Towards the end of the 17th century, the coffee house founded by an Irishman named Edward Lloyd in (or near) the London Stock Exchange building became a gathering place for political parties and merchants. From 1696 onwards, Lloyd published the weekly Handelsblatt Lloyd's News for its guests . It was initially suppressed by the censors and only reappeared as Lloyd's List from 1726 .

This body served mainly the interests of shipping , namely the insurance industry, whose representatives conducted their business on Lloyd's premises. The result was a company that established itself as New Lloyds on the east side of the stock exchange in 1771 and became a center of English marine insurance. It received corporate rights in 1871 and published the Shipping and Mercantile Gazette and Lloyd's List, which was supplied with news by agents in all major seaports in the world. An index was published weekly with voyage data on every ship traveling overseas. In 1834 the company established a ship classification institute called Lloyd's Register of British and foreign shipping , which had its offices in White Lion Court, Cornhill.

Germanischer Lloyd was founded based on the English model, along with important steam shipping companies such as Norddeutsche Lloyd and Österreichischer Lloyd, as well as numerous other companies with this name.

Commercial shipping institutes and companies

literature