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Thursday 01 November, 2018

Lloyds Of London

LLOYD'S 2018 CAPACITY AUCTION RESULTS

RNS Number : 1049G
Lloyds Of London
01 November 2018
 

 

 

 

 

Press release

 

 

Date: 1 November 2018

 

LLOYD'S 2018 CAPACITY AUCTION RESULTS

 

Lloyd's, the world's specialist insurance market, today announced the result of the second auction of syndicate capacity for the 2019 underwriting year.  A total of £19.22 million of market capacity involving 20 syndicates underwriting this year was successfully auctioned at a total value of £4.61 million.

Subscription offers (offers to buy) totalled £467.99 million and tenders (offers to sell) totalled £47.44 million during the auction held 31 October to 1 November.  A summary of results is detailed below.

  

 

 

 

   

 

Syndicate

  Premium (p)

Allocated (£)

Value (£)

 

 

0033

59.661

1,053,488

628,518

 

 

0218

0.143

1,374,000

1,972

 

 

0318

0.106

871,339

927

 

 

0386

61.637

281,949

173,786

 

 

0510

20.209

4,635,957

936,901

 

 

0557

0.280

6,113

17

 

 

0609

62.375

713,072

444,780

 

 

0623

66.099

1,636,373

1,081,624

 

 

0727

76.003

92,152

70,038

 

 

1176

186.475

61,337

114,378

 

 

1200

0.100

321,077

321

 

 

1969

0.101

3,136,191

3,166

 

 

1991

0.109

320,000

350

 

 

2010

12.157

1,251,623

152,164

 

 

2121

10.009

102,521

10,261

 

 

2525

43.966

246,637

108,438

 

 

2689

0.147

1,169,840

1,717

 

 

2791

68.437

1,186,374

811,915

 

 

4444

9.097

32,468

2,954

 

 

5886

9.598

725,397

69,626

 

                 

 

This auction is the second of three auctions being held in October/November.
 

ENDS

 

 

 

For further information, please contact:

 

Nathan Hambrook-Skinner

Senior Media Relations Manager

T: +44 (0)20 7327 6125

E: [email protected]

 

 

 

 

 


About Lloyd's

Lloyd's is the world's specialist insurance and reinsurance market. 

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 in 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 of over 4000 insurance professionals to grow the insured world - building resilience for businesses and local communities and strengthening economic growth around the world. 

 

 

 

 

Lloyd's One Lime Street

London EC3M 7HA

Telephone: +44 (0)20 7327 1000

Fax: +44 (0)20 7627 2389

Website: lloyds.com

 

 

 

 

 

 

 

 

 

 

 

 

 


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