Lutine bell

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Updated: Aug 20, 2021

In 1799, the Lutine, insured at Lloyd’s, went down in the North Sea with a large cargo of bullion, much of which was never recovered. The Lutine bell is the ship’s bell taken from the Lutine and is suspended above the rostrum in the underwriting room at Lloyd’s. It is rung when important announcements are to be made in the Market. Two strokes mean good news. one stroke bad. Nowadays it is not often used, not because of the scarcity of news. but because more sophisticated means of communication have been developed.

Reference: The Penguin Business Dictionary, 3rd edt.



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James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.