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Lloyd's 2020 Capacity Auction 2 Results

Thu 31 Oct 2019

Lloyd's, the world’s specialist insurance market, today announces the result of the second auction of syndicate capacity for the 2020 underwriting year.

A total of £29.99 million of market capacity involving 19 syndicates underwriting this year was successfully auctioned at a total value of £7.42 million.

Subscription offers (offers to buy) totalled £543.24 million and tenders (offers to sell) totalled £93.21 million during the auction held 30-31 October.  A summary of results is detailed below.

This auction is the second of three auctions being held in October/November 2019.

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About Lloyd’s

Lloyd’s is the world’s leading insurance and reinsurance marketplace. Through the collective intelligence and risk-sharing expertise of the market’s underwriters and brokers, Lloyd’s helps to create a braver world.

The Lloyd’s market provides the leadership and insight to anticipate and understand risk, and the knowledge to develop relevant, new and innovative forms of insurance for customers globally.

It offers the efficiencies of shared resources and services in a marketplace that covers and shares risks from more than 200 territories, in any industry, at any scale.

And it promises a trusted, enduring partnership built on the confidence that Lloyd’s protects what matters most: helping people, businesses and communities to recover in times of need.

Lloyd’s began with a few courageous entrepreneurs in a coffeeshop. Three centuries later, the Lloyd’s market continues that proud tradition, sharing risk in order to protect, build resilience and inspire courage everywhere.