Auction Newsletter No3 for 2020
Lloyd’s capacity auctions
23 October 2020 – auction newsletter No 3
Auction one results
A total of £123.8 million of market capacity involving 18 syndicates underwriting this year was successfully auctioned at a total value of £29.34 million.
Subscription offers (offers to buy) totalled £694.6 million and tenders (offers to sell) totalled £153.16 million during the auction held on 21 & 23 October.
This auction is the first of three auctions being held in October/November 2020.