Brought to you by:

Lloyd’s celebrates 325 years

Lloyd’s has put a video and a written collection of historic milestones on its website to celebrate its 325th anniversary.

The animated film features key events, from the market’s 1688 beginnings in Edward Lloyd’s London coffee house to recent challenges from natural disasters.

The written material highlights innovations such as cover for World War I Zeppelin airship raids, space satellite insurance in 1965, political risk cover in 1971 and insurance for celebrity attributes such as Bruce Springsteen’s voice and Bette Davis’ waist.

Major claims have included the 1906 San Francisco earthquake, which cost it more than $US50 million, a “staggering sum” at the time and equivalent to $US1 billion ($1.1 billion) today.

The market covered the Titanic and the Hindenburg, and insured Charles Lindbergh and his single-engine monoplane for $US18,000 on their non-stop flight from the US to Europe.

“The world has changed enormously since the first insurance policies were written, but Lloyd’s has continued to adapt, innovate and evolve,” the market says.

Lloyd’s currently has 57 managing agents and 87 syndicates.