insurance deals started to be struck

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Gabriel Aparta

Senior Member
Español - Venezuela
Hi, please, what's the meaning of struck in here, is it a common usage?

Lloyd's of London is the world's leading specialist insurance market, with a long heritage in shipping. It began as Lloyd's Coffee House in 1688, where shipping news was shared between merchants and owners, and insurance deals started to be struck.

Thank you very much :)
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