Lloyd's Coffee House was a coffee shop in London opened by Edward Lloyd originally on Tower Street in around 1688. The establishment was a popular place for sailors, merchants, and shipowners, and Lloyd catered to them with reliable shipping news. The shipping industry community frequented the place to discuss insurance deals among themselves. The dealing that took place led to the establishment of the insurance market Lloyd's of London and several related shipping and insurance businesses.
Just after Christmas 1691, the coffee shop relocated to Lombard Street. Merchants continued to discuss insurance matters here until 1774, long after Lloyd's death in 1713, 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.
Read more about Lloyd's Coffee House: Traces of The Coffee House, Organisations Named After The Coffee House
Famous quotes containing the words lloyd, coffee and/or house:
“To look at the cross-section of any plan of a big city is to look at something like the section of a fibrous tumor.”
—Frank Lloyd Wright (1869–1959)
“Mrs. Small went to the kitchen for her pocketbook
And came back to the living room with a peculiar look
And the coffee pot.
Pocketbook. Pot.
Pot. Pocketbook.”
—Gwendolyn Brooks (b. 1917)
“In another year I’ll have enough money saved. Then I’m gonna go back to my hometown in Oregon and I’m gonna build a house for my mother and myself. And join the country club and take up golf. And I’ll meet the proper man with the proper position. And I’ll make a proper wife who can run a proper home and raise proper children. And I’ll be happy, because when you’re proper, you’re safe.”
—Daniel Taradash (b. 1913)