Auction Newsletter No3 for 2019
Lloyd’s capacity auctions
24 October 2019 – auction newsletter No 3
Auction one results
A total of £75.18 million of market capacity involving 19 syndicates underwriting this year was successfully auctioned at a total value of £19.06 million.
Subscription offers (offers to buy) totalled £577.43 million and tenders (offers to sell) totalled £141.32 million during the auction held 23 - 24 October.
This auction is the first of three auctions being held in October/November 2019.