Notification to the auction office
The following disclosure notices have been posted on lloyds.com since auction newsletter number two was published on 28 August 2009:
D2009006 to D2009010
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.
Please note that two changes have taken place since auction newsletter number two.
Omega syndicate 958 has decreased from 20.273% to 12.255%.
Beaufort syndicate 318 has decreased from 25% to 11.5%.
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. Members are reminded that business planning decisions are expected to be made 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.
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