Lloyd’s capacity auctions

Auction newsletter No 5

Auction two results

A total of £25.85 million of market capacity involving 22 syndicates underwriting this year was successfully auctioned at a total value of £9.02 million.

Subscription offers (offers to buy) totalled £127.91 million and tenders (offers to sell) totalled £48.23 million during the auction held on 7 - 8 October.

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