🔗 Lloyd's Coffee House

🔗 London

Lloyd's Coffee House was a significant meeting place in London in the 17th and 18th centuries.

It was opened by Edward Lloyd (c. 1648–15 February 1713) on Tower Street in 1686. The establishment was a popular place for sailors, merchants and shipowners, and Lloyd catered to them by providing reliable shipping news. The shipping industry community frequented the place to discuss maritime insurance, shipbroking and foreign trade. The dealings that took place led to the establishment of the insurance market Lloyd's of London, Lloyd's Register and several related shipping and insurance businesses.

The coffee shop relocated to Lombard Street in December 1691. Lloyd had a pulpit installed in the new premises, from which maritime auction prices and shipping news were announced. Candle auctions were held in the establishment, with lots frequently involving ships and shipping. From 1696–1697 Lloyd also experimented with publishing a newspaper, Lloyd's News, reporting on shipping schedules and insurance agreements reached in the coffee house. In 1713, the year of Edward Lloyd's death, he modified his will to assign the lease of the coffee house to his head waiter, William Newton, who then married one of Lloyd's daughters, Handy. Newton died the following year and Handy subsequently married Samuel Sheppard. She died in 1720 and Sheppard died in 1727, leaving the coffee house to his sister Elizabeth and her husband, Thomas Jemson. Jemson founded the Lloyd's List newspaper in 1734, similar to the previous Lloyd's News. Merchants continued to discuss insurance matters here until 1774, when the participating members of the insurance arrangement formed a committee and moved to the Royal Exchange on Cornhill as the Society of Lloyd's.