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Wednesday 01 November, 2017

Lloyds Of London

Lloyd's 2017 Capacity Auction Results

RNS Number : 3089V
Lloyds Of London
01 November 2017
 

Date: 1 November 2017

 

LLOYD'S 2017 CAPACITY AUCTION RESULTS

 

Lloyd's, the world's specialist insurance market, today announces the result of the first auction of syndicate capacity for the 2018 underwriting year.  A total of £76.13 million of market capacity involving 19 syndicates underwriting this year was successfully auctioned at a total value of £11.8 million.

Subscription offers (offers to buy) totalled £617.42 million and tenders (offers to sell) totalled £113.59 million during the auction held 31 October to 1 November.  A summary of results is detailed below.

  



 

   

 

Syndicate

  Premium (p)

Allocated (£)

Value (£)

 

 

0033

37.005

6,753,172

2,499,005

 

 

0218

0.654

11,772,221

77,043

 

 

0318

1.953

545,260

10,648

 

 

0386

44.990

1,080,150

485,962

 

 

0510

16.560

11,780,510

1,950,896

 

 

0557

0.572

1,046,971

5,984

 

 

0609

44.216

1,900,539

840,350

 

 

0623

50.090

2,788,577

1,396,807

 

 

0727

70.361

537,689

378,326

 

 

1176

186.338

275,507

513,375

 

 

1200

2.529

6,581,776

166,466

 

 

1969

2.020

5,786,575

116,889

 

 

1991

0.147

2,621,543

3,842

 

 

2010

13.537

2,572,758

348,269

 

 

2121

1.548

5,375,277

83,184

 

 

2525

16.005

3,594,339

575,275

 

 

2791

46.309

3,573,597

1,654,885

 

 

4444

9.810

6,573,135

644,810

 

 

5886

5.224

966,624

50,500

 

 

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 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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