Auction one results
A total of £49.2 million of market capacity involving 23 syndicates underwriting this year was successfully auctioned at a total value of £9.2 million.
Subscription offers (offers to buy) totalled £274.1 million and tenders (offers to sell) totalled £91.6 million during the auction held 9-10 September.
In addition to the £49.2 million of capacity transferred during the Auction for syndicate capacity for the 2010 underwriting year, an additional amount of £7 million capacity involving 1 syndicate was transferred through three Bilateral Arrangements.
There was no interaction with any unmatched subscribers (offers to buy) or tenderers (offers to sell).
This auction is the first of three auctions being held in September.
