Subject: Auction Disclosure
Syndicate(s) Affected: Syndicate 1176
TEXT:
Further to the Lloyd’s auction newsletter on 4 November 2011, permitting Syndicate 1176’s participation in the 4th Auction, there has been a material increase to the Syndicate’s Individual Capital Assessment (ICA).
The Syndicate’s ICA increased from 2011 to 2012 due to the fact that the ‘no material reinsurance protection will be sought for the pool line for the 2012 underwriting year’ – as previously disclosed on 5 September 2011.
Date issued: 8 November 2011
Contact Information
Agency contact name: Chris Po-Ba
Agency contact no: + 44 (0)207 105 8266
For auction office use only: D2011034
