ERS Syndicate Management Limited

Managing Agent Name: ERS Syndicate Management Limited 

Subject:  Auction 4/ Readiness for Solvency II

Syndicate(s) Affected: 218

Lloyd's Auction Official has determined that transactions in respect of syndicate 218 will be permitted in the fourth auction. This follows the decision by Lloyd’s Capital and Planning Group to amend Syndicate 218’s status for readiness for Solvency II from Red to Amber, subject to ERS meeting certain conditions, which if not met would lead to a rating revision back to red. This is a change since the disclosure made prior to the 3rd auction. This decision regarding the changing status of Syndicate 218 has already been fully communicated to members’ agents.

Date issued: 7 November 2014

Contact Information

Agency contact name: Peter Merrett

Agency contact no: + 44 (0)1277 206589

For auction office use only: D2014021

DISCLAIMER: Lloyd's is not responsible for the content of any auction disclosures, and acts merely as publisher of information provided by managing agents. If you have any questions regarding the content, you should contact the relevant managing agent.



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