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Auction Newsletter No7 for 2020

Lloyd’s capacity auctions

5 November 2020 – auction newsletter No 7

Auction three results

A total of £29.18 million of market capacity involving 17 syndicates underwriting this year was successfully auctioned at a total value of £5.44 million.

Subscription offers (offers to buy) totalled £628.14 million and tenders (offers to sell) totalled £52.87 million during the auction held on 4 – 5 November.

This auction is the third and final auction being held in 2020.