Lloyd's capacity auctions

28 August 2009 - auction newsletter number two

Notification to the auction office

The following disclosure notices have been posted on lloyds.com since auction newsletter number one was published on 21 August 2009:

D2009004 to D2009005

Opening stakebuilders report

To view the opening stakebuilders report please see the link on the right.

The report gives details where ownership of capacity is in excess of 25% of a syndicates overall capacity.

Pre-emption, de-emption, mergers and cessations

To review the current position on syndicate pre/de-emptions, mergers and cessations for the 2010 year of account please see the link to the right.

The details given in every case are of proposed pre-emptions and de-emptions, all of which are subject to approval by Lloyd’s Franchise Directorate. Such approval is expected to be given by the end of October 2009.

Please note: this is for information only. The necessary percentages/data on confirmed changes will be forwarded electronically by Lloyd’s Market Services to the relevant Members’ Agents to update their systems accordingly.

Syndicate Constitution files

The electronic ‘Syndicate Constitution’ files will be available for all Managing Agents of unaligned syndicates from the Market Returns website on the dates specified in the Managing Agent auction timetable.

End

Last updated on 28 Aug 2009