Lloyd’s capacity auctions
25 October 2018 – auction newsletter No 3
Auction one results
A total of £78.34 million of market capacity involving 20 syndicates underwriting this year was successfully auctioned at a total value of £13.68 million.
Subscription offers (offers to buy) totalled £687.33 million and tenders (offers to sell) totalled £98.42 million during the auction held 24 - 25 October.
This auction is the first of three auctions being held in October/November 2018.