Download Risks at Sea: Amsterdam Insurance and Maritime Europe, by Frank C. Spooner PDF

By Frank C. Spooner

ISBN-10: 0511470665

ISBN-13: 9780511470660

ISBN-10: 052125275X

ISBN-13: 9780521252751

ISBN-10: 0521893879

ISBN-13: 9780521893879

This ebook areas the marine coverage enterprise of Amsterdam within the wider context of the political financial system of Europe in the course of the moment 1/2 the eighteenth century. The research relies at the simultaneous quotations of rates for the twenty-two teams of locations which shaped an incredible a part of the commerical matrix of the Netherlands. It considers the operation of the marketplace at degrees. at the one hand, the supply of coverage spoke back to probability uncertainties out there: within the 1760s and 1770s, Amsterdam skilled 3 severe unheavals, within the kind of the monetary crises of 1763 and 1772-73 and the hostilities resulting in American independence and the Fourth Anglo-Dutch struggle. nonetheless, underwriters authorised dangers in events of structural uncertainty. The ebook is totally illustrated with graphs and maps and makes use of quite a lot of unique records drawn from files and libraries in Europe. An appendix presents the fundamental info of rates quoted within the price-lists of the industry.

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29 The general role of brokers pointed to the salient issues. At the formal level of the market, their development was clear. Officially, they had an established position. 31 From among them the Burgermeester was instructed to choose deputies and they 'made' the market for they reported the going rates and set up the price-currents. 32 They created a more volatile element, ready to go to earth when crisis loomed, as in 1763, again in 1772-73; and later too, in the growing hostilities after 1775-76.

London, 1751-55), I, p . 145; see also J o h n , ' T h e L o n d o n Assurance C o m p a n y ' , p . 127. S. Ricard, Traite, I, p . 194. 89 In the long-term, the interruptions of war in 1780-84 proved to be a serious hindrance; and in the wake of this Amsterdam suffered from the Patriot revolt (178687), the fall of the Republic (1795), the continental wars. According to F. J. A. Broeze - and the data for 1836 are convincing - the situation in the early nineteenth century was clear. 90 This was for marine underwriting; but it should not obscure the development of insurance business over a wide range.

S. Ricard, Traite, I, p . 194. T h e n u m b e r s of private underwriters and agents in the Sligtenhorst lists fluctuated (see Graph 1): from 77 in 1757, they fell to 68 in 1771 b u t reached 91 in 1782. In 1787, the entries had fallen to 57; in 1792, they were 52. S. Schama-, Patriots and Liberators: Revolution in the Netherlands, 1780-1813 (London, 1977), pp. 110-131. 29 Risks at Sea Number of entries of private underwriters and agents 1770 1780 1790 Graph 1. Underwriters in Amsterdam: entries in lists of Hendrik Sligtenhorst The fortunes of these different groups, if the Sligtenhorst lists are reasonably correct for Amsterdam, point out two sets of conclusions.

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