The Origin of Underwriting Explained

Ever wonder why it's called UNDER-writing? 👀 Back in sixteen-eighty-eight, in London town,

At Edward Lloyd's coffee house, the big risks went down! Ships full of gold

sailed the wild angry sea— One storm could sink 'em, goodbye luxury!

Merchants wrote details on a slip, nice and neat, Brave investors signed UNDER—taking

the heat! For a fat premium, they'd cover the bet, Name under the risk?

That's UNDERWRITING, you get! From ships to your mortgage, loans,

and insurance too, Next time you hear "underwriting," now YOU know the clue!

Mind blown? Duet this! 🚢💥