Three hundred years ago,a man named Edward Lloyd opened a cof-fee house near the River Thames,in London.It soon became a popularmeeting place for merchants who used to swap trading news~2 and infor-mation about the movement of ships and cargoes.At the same time,usingthis knowledge,merchants got together~3 to insure~4 each other′s cargoesin the event of loss through storms or piracy~5.This meant that each person Three hundred years ago, a man named Edward Lloyd opened a cof-fee house near the River Thames, in London. It became a popular meeting place for merchants who used to swap trading news ~ 2 and infor-mation about the movement of ships and cargoes.At the same time, usingthis knowledge, merchants got together ~ 3 to insure ~ 4 each other’s cargoesin the event of loss through storms or piracy ~ 5.This means that each person