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Auction Newsletter No5 for 2016

Wed 09 Nov 2016

Lloyd’s capacity auctions

09 November 2016 – auction newsletter No 5

Auction two results

A total of £16.33 million of market capacity involving 19 syndicates underwriting this year was successfully auctioned at a total value of £5.17 million.

Subscription offers (offers to buy) totalled £352.02 million and tenders (offers to sell) totalled £65.56 million during the auction held on 8 – 9 November.

This auction is the second of three auctions being held in November.