Lloyd’s capacity auctions
Auction Newsletter No 9
Auction four results
A total of £0.43 million of market capacity involving 3 syndicates underwriting this year was successfully auctioned at a total value of £41,000.
Subscription offers (offers to buy) totalled £5.59 million and tenders (offers to sell) totalled £2.84 million during the auction held 12 – 13 November.
This auction is the fourth and final auction being held in 2013.