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.