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Thursday 08 November, 2018

Lloyds Of London

LLOYD'S 2018 CAPACITY AUCTION RESULTS

RNS Number : 8286G
Lloyds Of London
08 November 2018
 

 

 

 

 

Press release

 

 

Date: 8 November 2018

LLOYD'S 2018 CAPACITY AUCTION 3 RESULTS

 

Lloyd's, the world's specialist insurance market, today announces the result of the third auction of syndicate capacity for the 2019 underwriting year.  A total of £19.77 million of market capacity involving 19 syndicates underwriting this year was successfully auctioned at a total value of £7.0 million.

Subscription offers (offers to buy) totalled £458.19 million and tenders (offers to sell) totalled £44.49 million during the auction held 7 - 8 November.  A summary of results is detailed below:

Syndicate

  Premium (p)

Allocated (£)

Value (£)

0033

59.259

1,797,607

1,065,244

0218

0.192

872,888

1,680

0318

0.300

35,000

105

0386

65.640

651,523

427,657

0510

21.760

2,921,179

635,647

0557

0.106

85,817

91

0609

68.412

926,549

633,869

0623

69.260

1,364,761

945,230

0727

80.519

45,836

36,907

1176

197.744

17,500

34,605

1200

0.203

299,637

610

1969

0.130

284,285

369

2010

12.205

728,590

88,923

2121

15.121

459,064

69,417

2525

49.314

207,787

102,468

2689

0.146

4,199,000

6,125

2791

66.686

4,355,875

2,904,779

4444

6.979

270,869

18,905

5886

12.626

249,366

31,484

 

This is the third and final auction being held in 2018.

ENDS

 

 

 

 

For further information, please contact:

 

Nathan Hambrook-Skinner

Senior Media Relations Manager

T: +44 (0)20 7327 6125

E: nat[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: www.lloyds.com

 

 

 

 

 

 

 

 

 

 

 

 

 


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