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Auction Newsletter No4 for 2016

Fri 04 Nov 2016

Lloyd’s Capacity Auctions

Auction Newsletter no 4

Notification to the auction office

The following disclosure notices have been posted on the website since Auction Newsletter no two was published on 28 October 2016:

D2016008 to D2016013

These notices are available on the disclosure section of the capacity website:

Syndicate 308 managed by Tokio Marine Kiln Syndicates Limited

Syndicate 308 will not participate in auction two on 8 and 9 November 2016.  This is for the same reason as was published in Newsletter No.2 dated 28 October 2016 and Tokio Marine Kiln Syndicates Limited has issued an auction disclosure dated 4 November 2016 (Auction Disclosure No: D2016010) on this matter.

Auction 2 – reminder of dates/times

Auction 2 will be held on Tuesday 8 and Wednesday 9 November 2016.

The Auction system will be open for bid submission at the following times:

Tuesday (Day 1) from 9am until 1pm

Wednesday (Day 2) from 10am until 2pm

Bid Staging & Submission

The auction office will be opening Auction 2 for Issuers to prepare and stage their bids from 10am on Monday 7 November ahead of the live auction being opened at 9am on Tuesday.

If you have any problems accessing the system, please contact the auction office as below:

Pre-emption, de-emption, mergers and cessations

The details given are of confirmed pre-emptions and de-emptions agreed by Lloyd’s Performance Management Directorate.

Please note: this is for information only. The necessary data on confirmed changes has been forwarded electronically by Lloyd’s Market Services to the relevant Members’ Agents to update their systems accordingly.