Managing Agent Name: Managing Agency Partners Limited
Subject: MAP Capital Ltd
Syndicate Affected: 2791
Members are reminded that MAP Capital Ltd is a corporate member through which certain third parties, and some staff of Managing Agency Partners Limited, participate on S2791.
MAP Capital Ltd is not directly owned or controlled by Managing Agency Partners Limited however there are directors and owners in common and so MAP Capital Ltd is considered a ‘connected person’ within the context of the Lloyd’s capacity auction framework.
From time to time, MAP Capital Ltd may participate in Lloyd’s capacity auctions as a tenderer or subscriber of capacity in respect of S2791 in accordance with the instructions of its third party shareholders. All such auction transactions are carried out by MAP Capital Ltd on an ‘execute only’ basis and no specific disclosure would be made in advance of the relevant auction(s).
Should MAP Capital Ltd receive instructions to tender or subscribe capacity in respect of a shareholder who is a member of staff of Managing Agency Partners Limited, we would consider applicable auction guidelines at that time and, if appropriate, make a specific auction disclosure.
Date issued: 4 November 2016
Agency contact name: Anne Mount/ Paul Langridge
Agency contact no: + 44 (0)20 7709 3860
For auction office use only: D2016011
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