Lloyd’s capacity auctions

16 November 2016 – auction newsletter No 7

 

Auction three results

 

A total of £21.14 million of market capacity involving 17 syndicates underwriting this year was successfully auctioned at a total value of £6.42 million.

 

Subscription offers (offers to buy) totalled £365.09 million and tenders (offers to sell) totalled £113.67 million during the auction held on 15 – 16 November.

 

This auction is the third and final auction being held in 2016.