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Marine insurance [electronic resource] : origins and institutions, 1300-1850 / edited by A.B. Leonard.

9781137411389 (electronic book)
1137411384 (electronic book)
9781137411372
9781349565849
1137411376

Houndmills, Basingstoke Hampshire ; New York, NY : Palgrave Macmillan, 2016.

English

1 online resource.

HE964

368.2009/03

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.

Includes bibliographical references and index.

Access limited to authorized users.

Online resource; title from PDF title page (viewed February 12, 2016).

Palgrave studies in the history of finance.

Print version: 1137411376

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