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- Title
Underwriting Marine Warfare: Insurance and Conflict in the Eighteenth Century.
- Authors
Leonard, A.B.
- Abstract
Marine insurance made a significant contribution to British success in its wars during the long eighteenth century. As both a defensive and offensive weapon, it allowed British seaborne trade to continue and foiled French designs to destroy the English economy. Underwriters were instrumental in ensuring that merchant convoys were protected by naval escorts and that capture-and-ransom was preferred to the seizure of prizes by enemy privateers. Parliamentary legislation used marine insurance to encourage private adventures to support the war effort, despite the relatively small size of the navy in comparison to the merchant fleet.
- Subjects
UNITED Kingdom; 18TH century British naval history; MARINE insurance; MARITIME shipping; MARINE insurance policies; PRIVATEERING; MARITIME law; EIGHTEENTH century; HISTORY
- Publication
International Journal of Maritime History, 2013, Vol 25, Issue 2, p173
- ISSN
0843-8714
- Publication type
Article
- DOI
10.1177/084387141302500214