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Wednesday 02 November, 2016

Lloyds Of London

Lloyd's 2016 Capacity Auction Results

RNS Number : 1832O
Lloyds Of London
02 November 2016
 

Date: 2 November 2016

 

LLOYD'S 2016 CAPACITY AUCTION RESULTS

 

Lloyd's, the world's specialist insurance market, today announces the result of the first auction of syndicate capacity for the 2017 underwriting year.  A total of £29.26 million of market capacity involving 19 syndicates underwriting this year was successfully auctioned at a total value of £11.74 million.

Subscription offers (offers to buy) totalled £370.04 million and tenders (offers to sell) totalled £77.53 million during the auction held 1 November to 2 November.  A summary of results is detailed below.

    



 

   

 

Syndicate

  Premium (p)

Allocated (£)

Value (£)

 

 

0033

80.828

1,927,167

1,557,681

 

 

0218

8.003

5,389,097

431,283

 

 

0318

29.990

134,097

40,216

 

 

0386

50.887

831,862

423,311

 

 

0510

34.695

5,152,119

1,787,523

 

 

0557

8.488

702,535

59,628

 

 

0609

69.132

2,497,365

1,726,483

 

 

0623

87.640

2,391,818

2,096,197

 

 

0727

85.945

575,403

494,532

 

 

1176

239.769

134,984

323,650

 

 

1200

19.373

275,000

53,275

 

 

1884

0.100

13,333

13

 

 

1969

10.751

2,403,193

258,357

 

 

1991

0.109

110,000

120

 

 

2010

29.757

2,816,471

838,093

 

 

2121

12.934

1,277,697

165,260

 

 

2525

69.314

341,317

236,579

 

 

2791

62.257

1,577,383

982,026

 

 

4444

36.852

711,209

262,094

 

 

This auction is the first of three auctions being held in November.

 

ENDS

 

For further information, please contact:

 

Rebekah Clement

Tel: +44 (0)20 7327 5514        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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