Auction Newsletter No3 for 2015
Lloyd’s capacity auctions
Auction newsletter No 3
Auction one results
A total of £23.21 million of market capacity involving 22 syndicates underwriting this year was successfully auctioned at a total value of £8.52 million.
Subscription offers (offers to buy) totalled £354.69 million and tenders (offers to sell) totalled £34.94 million during the auction held 30 September – I October.
This auction is the first of three auctions being held in September and October.