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.