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.