Did you know that marine insurance was the earliest type of cover developed in the modern world?
During the 17th Century, as London became an important trade centre, marine insurance was created due to the need to protect goods being shipped.
Property insurance was established after the Great Fire of London in 1666, which destroyed the city and left many people homeless.
This first form of property insurance was designed specifically to cover fire losses. Since this time, the range of events that are covered has broadened extensively.