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Wednesday 08 November, 2017

Lloyds Of London

Lloyd's 2017 Capacity Auction Results - Day 2

RNS Number : 9548V
Lloyds Of London
08 November 2017
 

8 November 2017

 

LLOYD'S 2017 CAPACITY AUCTION RESULTS

 

Lloyd's, the world's specialist insurance market, today announces the result of the second auction of syndicate capacity for the 2018 underwriting year.  A total of £58 million of market capacity involving 19 syndicates underwriting this year was successfully auctioned at a total value of £12.19 million.


Subscription offers (offers to buy) totalled £542.08 million and tenders (offers to sell) totalled £106.94 million during the auction held 7 to 8 November.  A summary of results is detailed below.

    



 

   

 

Syndicate

  Premium (p)

Allocated (£)

Value (£)

 

 

0033

37.690

7,386,281

2,783,889

 

 

0218

0.603

2,934,711

17,700

 

 

0318

0.864

748,625

6,471

 

 

0386

44.013

1,660,602

730,889

 

 

0510

18.427

6,788,760

1,250,986

 

 

0557

0.890

265,000

2,358

 

 

0609

46.292

3,107,997

1,438,752

 

 

0623

51.344

3,058,347

1,570,274

 

 

0727

73.697

539,507

397,600

 

 

1176

145.510

411,552

598,848

 

 

1200

0.175

5,110,000

8,926

 

 

1969

2.029

4,285,257

86,954

 

 

1991

0.704

60,000

423

 

 

2010

13.619

1,829,669

249,178

 

 

2121

4.033

5,349,351

215,757

 

 

2525

38.158

698,096

266,381

 

 

2791

50.933

3,645,630

1,856,842

 

 

4444

6.899

9,524,874

657,091

 

 

5886

9.165

600,472

55,036

 

 

This auction is the second 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 specialist insurance and reinsurance market, developing the essential, complex and critical insurance needed to underwrite human progress. With expertise earned over centuries, Lloyd's is the foundation of the insurance industry and the future of it. Led by expert underwriters and brokers who cover more than 200 territories, the Lloyd's market develops the essential, complex and critical insurance needed to underwrite human progress. Backed by diverse global capital and excellent financial ratings, Lloyd's works with a global network to grow the insured world - building resilience for businesses and local communities and strengthening economic growth around the world.

 

For more information visit www.lloyds.com

 

 


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