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Live auction - fjt_705694 - INSURANCES Les Assurances générales 1754

INSURANCES Les Assurances générales AU
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Estimate : 500 €
Price : 250 €
Maximum bid : 250 €
End of the sale : 25 January 2022 19:45:46
bidders : 1 bidder
Type : Les Assurances générales
Date: 1754
Metal : silver
Diameter : 30 mm
Orientation dies : 6 h.
Weight : 8,91 g.
Edge : cannelée
Rarity : R3
Coments on the condition:
Ce jeton est frappé sur un flan large et régulier. Une légère patine grise recouvre le droit de cet exemplaire ; le revers est recouvert d’une jolie patine de médaillier foncée
Catalogue references :

Obverse


Obverse legend : LUD. XV. REX. - CHRISTIANISS.
Obverse description : Buste lauré et drapé de Louis XV signé C.N.R.FILIUS [Feuardent n° 346].
Obverse translation : (Louis XV, roi très chrétien).

Reverse


Reverse legend : VENTOS FRENAT ET JGNES ; À L'EXERGUE EN TROIS LIGNES : COMPAGNIE D'ASSURANCES / GENERALES. / 1754..
Reverse description : Incendie d'une ville fortifiée sous une pluie battante. En rade, un navire sur des eaux agitées.
Reverse translation : (Il contient les vents et les flammes).

Commentary


La compagnie d’assurances générales obtint privilège de Louis XV en 1753 pour la garantie du commerce maritime et pour assurer les maisons contre l’incendie.

Historical background


INSURANCES

Under the Old Regime, insurance was above all maritime. It is a contract by which an individual undertakes to repair the losses linked to a shipwreck, for a certain sum which is paid to him in advance.. Thus, for example, we see that in the 18th century, in Bordeaux, maritime insurance was concentrated in the hands of a few large shipowners such as François Bonnaffé. An order of 1681 leaves the greatest freedom in the relationship between insurers and insured, hence the multiplication of players on the market. Still in Bordeaux, we then see the intervention of Parisian, Dutch and English companies. . . Non-maritime insurance became popular late (middle of the 18th century). They most often offer a guarantee against fire. Example: the general insurance company obtained the privilege of Louis XV in 1753 for the guarantee of maritime trade and to insure houses against fire. In the 19th century, we witness the emergence of countless companies, often specialized in very specific sectors, which will allow the development of the economy by pooling risks.. They are complemented by mutual associations and mutual aid.

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