Lloyd’s capacity auctions
Auction newsletter No 3
Auction one results
A total of £31.67 million of market capacity involving 21 syndicates underwriting this year was successfully auctioned at a total value of £7.22 million.
Subscription offers (offers to buy) totalled £215.87 million and tenders (offers to sell) totalled £40.82 million during the auction held 24 - 25 September.
This auction is the first of three auctions being held in September and October.