Lloyd’s capacity auctions
Auction Newsletter No 5
Auction two results
A total of £30.24 million of market capacity involving 22 syndicates underwriting this year was successfully auctioned at a total value of £9.25 million.
Subscription offers (offers to buy) totalled £188.45 million and tenders (offers to sell) totalled £46.63 million during the auction held 8 – 9 October.
This auction is the second of three auctions being held in September and October.