Auction Newsletter No3 for 2016
Lloyd’s capacity auctions
02 November 2016 – auction newsletter No 3
Auction one results
A total of £29.26 million of market capacity involving 19 syndicates underwriting this year was successfully auctioned at a total value of £11.74 million.
Subscription offers (offers to buy) totalled £370.04 million and tenders (offers to sell) totalled £77.53 million during the auction held 1 - 2 November.
This auction is the first of three auctions being held in November.