Lloyd’s capacity auctions

Auction newsletter No 3

 

Auction one results

 

A total of £23.21 million of market capacity involving 22 syndicates underwriting this year was successfully auctioned at a total value of £8.52 million.

 

Subscription offers (offers to buy) totalled £354.69 million and tenders (offers to sell) totalled £34.94 million during the auction held 30 September – I October.

 

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