An Essay on Insurances, explaining the nature of the various kinds of insurance practised by the different commercial states of Europe, and shewing their consistency or inconsistency with equity and the public good. Illustrated by real and extraordinary cases, stated at large, with observations thereon, tending to settle divers doubtful points in making up accounts of losses and averages. To which are annexed, some brief hints to merchants and insurers concerning the risks to which navigation is exposed in time of war; the King of Prussia's exposition in relation to the capture and detention of the ships of his subjects by the English during the late war; the answer from England to it; some remarkable pieces concerning the stopping of ships

Published by London: J. Haberkorn for W. Baker, 1755

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Seller: Peter Harrington. ABA/ ILAB., London, United KingdomPeter Harrington. ABA/ ILAB.

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Item description from seller

First edition in English, laying the foundations of modern insurance in England, being a substantially enlarged and revised version of the original German text (Versuch über Assecuranzen, Hamburg, 1753). Nicolaus Magens was a German merchant who lived for many years in England and gained a great reputation in commercial matters. His Universal Merchant (1753) showed a deep insight into trade mechanisms and was highly esteemed by Adam Smith; The Wealth of Nations contains six substantial direct and indirect references to the work. The Essay on Insurances was printed by Johann Haberkorn, who had set up London's first German press in 1749. Wide-ranging, it details the nature of insurance, the laws and foreign treatises affecting it, and an evaluation of its profitability. London was then the centre of insurance in Europe, and the edition was soon established as a central text in the trade. ESTC T98888; Goldsmiths' 9045; Higgs 975; Kress 5453. 2 vols, quarto (264 x 199 mm). Contemporary calf, skilfully rebacked and recornered, black spine labels, red speckled edges. 19th-century bookplate of the Gaddesden Library to front pastedowns. Bound without initial blank in vol. I. Sporadic light foxing and finger-soiling; a very good copy.…

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Bibliographic details

Title
An Essay on Insurances, explaining the nature of the various kinds of insurance practised by the different commercial states of Europe, and shewing their consistency or inconsistency with equity and the public good. Illustrated by real and extraordinary cases, stated at large, with observations thereon, tending to settle divers doubtful points in making up accounts of losses and averages. To which are annexed, some brief hints to merchants and insurers concerning the risks to which navigation is exposed in time of war; the King of Prussia's exposition in relation to the capture and detention of the ships of his subjects by the English during the late war; the answer from England to it; some remarkable pieces concerning the stopping of ships
Author
MAGENS, Nicolaus.
Publisher
London: J. Haberkorn for W. Baker, 1755
Edition
1st Edition

Peter Harrington. ABA/ ILAB.

London, United Kingdom

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