Lloyd’s capacity auctions

Auction Newsletter No 7

Auction three results

A total of £26.72 million of market capacity involving 23 syndicates underwriting this year was successfully auctioned at a total value of £6.01 million.

Subscription offers (offers to buy) totalled £151.64 million and tenders (offers to sell) totalled £45.51 million during the auction held 15 – 16 October.

In addition to the £26.72 million of capacity transferred during the Auction for syndicate capacity for the 2014 underwriting year, an additional amount of £11.96 million capacity involving one syndicate was transferred through two Bilateral Arrangements.

This auction is the last of three auctions being held in September and October.