Lloyd’s capacity auctions
01 November 2017 – auction newsletter No 3
Auction one results
A total of £76.13 million of market capacity involving 19 syndicates underwriting this year was successfully auctioned at a total value of £11.8 million.
Subscription offers (offers to buy) totalled £617.42 million and tenders (offers to sell) totalled £113.59 million during the auction held 31 October - 1 November.
This auction is the first of three auctions being held in November.