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World InsuranceThe Evolution of a Global Risk Network$
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Peter Borscheid and Niels Viggo Haueter

Print publication date: 2012

Print ISBN-13: 9780199657964

Published to Oxford Scholarship Online: September 2012

DOI: 10.1093/acprof:oso/9780199657964.001.0001

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France: Insurance and The French Financial Networks

France: Insurance and The French Financial Networks

(p.118) Chapter 5 France: Insurance and The French Financial Networks
World Insurance

Andre Straus

Oxford University Press

This chapter traces the history of the French insurance industry. The economic development of insurance in France came more slowly and at a later date than in England. The first marine insurance company was established in 1650 and came at a time when French commercial, maritime, and colonial expansion was predominant. With the beginnings of the Liberal Empire — the free trade agreement with England was signed in 1860 — companies had been encouraged by the general trend to develop their activities abroad. But it took until the late nineteenth century for French insurance companies to establish themselves more firmly in Britain, Austria-Hungary, Germany, Belgium, Egypt, Spain, Greece, the Netherlands, Italy, the Grand Duchy of Luxembourg, Portugal, Russia, Turkey, Sweden and Norway, and in Morocco.

Keywords:   French insurance industry, insurance business, marine insurance, colonial expansion, insurance history

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