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
Agency contact name: Peter Merrett
Agency contact no: + 44 (0)1277 206589
For auction office use only: D2014021
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