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Thursday 01 October, 2015

Lloyds Of London

Lloyd's 2015 Capacity Auction Results

RNS Number : 9886A
Lloyds Of London
01 October 2015
 

Date 1st October 2015

 

LLOYD'S 2015 CAPACITY AUCTION RESULTS

 

Lloyd's, the world's specialist insurance market, today announces the result of the first auction of syndicate capacity for the 2016 underwriting year.  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 to 1 October.  A summary of results is detailed below.

    



 

   

 

Syndicate

  Premium (p)

Allocated (£)

Value (£)

 

 

0033

68.079

1,068,415

727,372

 

 

0218

8.267

2,437,784

201,537

 

 

0308

21.374

48,110

10,283

 

 

0318

17.716

422,703

74,886

 

 

0386

65.000

1,504,552

977,959

 

 

0510

27.199

2,421,382

658,584

 

 

0557

2.127

446,471

9,497

 

 

0609

55.511

1,476,600

819,672

 

 

0623

74.188

682,092

506,032

 

 

0727

66.531

161,315

107,324

 

 

0779

9.167

256,721

23,533

 

 

1176

209.882

106,000

222,475

 

 

1200

19.802

31,479

6,234

 

 

1884

0.217

507,183

1,101

 

 

1969

18.000

657,211

118,298

 

 

1991

0.122

1,723,195

2,103

 

 

2010

58.909

548,614

323,183

 

 

2121

12.717

1,248,109

158,724

 

 

2525

82.250

181,362

149,170

 

 

2791

54.384

5,540,062

3,012,920

 

 

4444

23.829

1,704,662

406,197

 

 

5820

0.100

40,000

40

 

 

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

 

ENDS

 

For further information, please contact:

 

Alex Dziedzan

Tel: +44 (0)20 7327 6125  Email:  [email protected]

 


About Lloyd's

Lloyd's is the world's only specialist insurance and reinsurance market that offers a unique concentration of expertise and talent, backed by strong financial ratings and international licences. It is often the first to insure new, unusual or complex risks, providing innovative insurance solutions for local, cross border and global risks. Its strength lies in the diversity and expertise of the brokers and managing agents working at Lloyd's, supported by capital from across the world. In 2015, more than 90 syndicates are underwriting insurance and reinsurance at Lloyd's, covering all lines of business from more than 200 countries and territories worldwide. Lloyd's is regulated by the Prudential Regulatory Authority and Financial Conduct Authority.

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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