Lloyd’s of London was one of the first institutions to offer insurance to merchants and joint-trade companies. A major part of t

Question

2 years ago

7

Lloyd’s of London was one of the first institutions to offer insurance to merchants and joint-trade companies. A major part of t

he insurance system involved people who agreed to take responsibility for the insured losses in return for a fee. What were these risk-takers known as?
A. joint-stock companies
B. investors
C.underwriters
D. merchants
E.capitalists

History

2 answers:

Brums [2.3K] · Answer 1 · 2022-06-13T14:42:15+03:00

Brums [2.3K]2 years ago

8 0

The answer is C. Underwriters.

GuDViN [60] · Answer 2 · 2022-06-13T16:21:47+03:00

<span>Lloyd’s of London was one of the first institutions to offer insurance to merchants and joint-trade companies. A major part of the insurance system involved people who agreed to take responsibility for the insured losses in return for a fee. What were these risk-takers known as?

the answer is c</span>