Notification to the auction office
The following disclosure notices have been posted on lloyds.com since auction newsletter number three was published on 4 September 2009:
D2009011 to D2009017
HCC Underwriting Agency Ltd – syndicate 4040 minority buyout
On 15 September 2009 Lloyd’s gave its consent to a minority buy-out in respect of Syndicate 4040 and therefore capacity will not be traded in auction 3 on 29/30 September 2009. Please see auction disclosure D2009015 for further details.
Pre-emption, de-emption, mergers and cessations
Please note the following change has taken place since auction newsletter number three:
KGM Underwriting Agencies Ltd has withdrawn its proposed pre-emption of 7.441% (see auction disclosure D2009014).
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. Members are reminded that the deadline for approval of syndicate business forecasts for unaligned syndicates is 28 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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