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Auction Newsletter No7 for 2019

Thu 07 Nov 2019

Lloyd’s capacity auctions

7 November 2019 – auction newsletter No 7

Auction three results

A total of £29.6 million of market capacity involving 19 syndicates underwriting this year was successfully auctioned at a total value of £5.2 million.

Subscription offers (offers to buy) totalled £520.44 million and tenders (offers to sell) totalled £80.36 million during the auction held on 6 – 7 November.

This auction is the third and final auction being held in 2019.