ANV Syndicates Ltd
Managing Agent Name: ANV Syndicates Limited
Subject: Disclosures Auction Season 2016
Syndicate Affected: s.779
This statement has been prepared by ANV Syndicates Limited (ASL) for the purpose of disclosing to existing and prospective underwriting members of Syndicate 779 (the Syndicate) information which may be of relevance to such members in considering their participation for the 2016 year of account (YOA).
Members are also referred to the Business Plan Narrative for the 2016 YOA, other SBF documents, and the Syndicate’s latest financial statements and quarterly returns, all of which have either been provided or are available to members (or their representatives as appropriate), and which include information on various changes affecting ASL and/or the Syndicate which have taken place since the end of 2014.
As notified by Lloyd’s we confirm that the Syndicate will be a participant in the 4th Auction, due to a proposed re-submission of the syndicate business forecast, which the Syndicate expects will trigger Auction Rule 4(4)(b)(iv) where the utilisation of capacity in the Approved Business Plan will be lower by 10% or more than the utilisation of capacity in the Disseminated Syndicate Business Forecast.
Date issued: 9th November 2015
Agency contact name: Jamie Ingham Clark
Agency contact no: + 44 (0) 207 280 6290
For auction office use only: D2015021
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