Marine Insurance
Origins and Institutions, 1300-1850
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Beschreibung
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 institutionsin the United States, before applying the metrics of underwriting to discuss commerce raiding in the Atlantic up to the nineteenth century.
Autor*in
Adrian Leonard
Themen in »Marine Insurance«
Asia competition cooperation development institutions insurance investment Italy organization science and technology
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“This is a ‘must read’ for all those who, one way or another, have ‘stumbled’ in the revival of insurance studies which took place after the 2008 crisis. The unifying idea of the book is to assess the impact of institutions, legal norms, and informal customs on marine insurance from the late Middle Ages to the early nineteenth centuries.” (Giovanni Ceccarelli, The International Journal of Maritime History, Vol. 28 (4), 2016)
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