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Wednesday 15 November, 2017

Lloyds Of London

Lloyd's 2017 Capacity Auction Results - Day 3

RNS Number : 6260W
Lloyds Of London
15 November 2017
 

15 November 2017

 

LLOYD'S 2017 CAPACITY AUCTION RESULTS

 

Lloyd's, the world's specialist insurance market, today announces the result of the third auction of syndicate capacity for the 2018 underwriting year.  A total of £47.14 million of market capacity involving 19 syndicates underwriting this year was successfully auctioned at a total value of £4.72 million.


Subscription offers (offers to buy) totalled £526.56 million and tenders (offers to sell) totalled £78.25 million during the auction held 14 - 15 November.  A summary of results is detailed below.

 

Syndicate

Premium(p)

Allocated(£)

Value(£)

0033

37.398

1960540

733,198

0218

0.110

20225716

22,257

0318

0.153

785269

1,203

0386

43.656

250585

109,395

0510

16.822

4637281

780,089

0557

0.267

697455

1,862

0609

47.580

1370303

651,988

0623

54.147

1480820

801,822

0727

71.183

44979

32,017

1176

147.310

158641

233,694

1200

0.327

706496

2,312

1969

1.013

7105430

71,969

1991

0.297

37218

111

2010

14.169

1049760

148,736

2121

4.079

3310467

135,023

2525

34.000

194129

66,004

2791

54.356

1475933

802,253

4444

6.364

1244303

79,186

5886

11.370

399734

45,450

 

This auction is the third and final auction being held in 2017.

 

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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