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Thursday 31 October, 2019

Lloyds Of London

Lloyd's 2020 Capacity Auction 2 Results

RNS Number : 8662R
Lloyds Of London
31 October 2019
 

 

Lloyd's 2020 Capacity Auction 2 Results

 

Lloyd's, the world's specialist insurance market, today announces the result of the second auction of syndicate capacity for the 2020 underwriting year.  A total of £29.99 million of market capacity involving 19 syndicates underwriting this year was successfully auctioned at a total value of £7.42 million.

Subscription offers (offers to buy) totalled £543.24 million and tenders (offers to sell) totalled £93.21 million during the auction held 30-31 October.  A summary of results is detailed below.

  

 

 

 

   

 

Syndicate

  Premium (p)

Allocated (£)

Value (£)

 

 

0033

59.756

3,610,075

2,157,227

 

 

0218

0.171

3,685,920

6,309

 

 

0318

0.200

905,000

1,814

 

 

0386

73.636

259,561

191,130

 

 

0510

21.858

6,396,408

1,398,145

 

 

0557

0.187

398,969

744

 

 

0609

64.644

1,276,552

825,212

 

 

0623

63.207

2,437,931

1,540,950

 

 

0727

80.751

274,227

221,440

 

 

1176

209.956

73,947

155,256

 

 

1200

0.100

2,966,099

2,966

 

 

1969

0.100

70,000

70

 

 

2010

11.461

1,485,066

170,202

 

 

2121

4.078

2,298,083

93,716

 

 

2525

28.289

773,866

218,920

 

 

2689

0.145

1,920,100

2,784

 

 

2791

78.755

463,103

364,715

 

 

4444

5.011

171,705

8,604

 

 

5886

11.093

523,463

58,069

 

 

This auction is the second of three auctions being held in October/November 2019.

-ENDS-

 

Notes to Editors

1.   Lloyd's studio is available for TV and radio broadcasts

2.   More news and information available from lloyds.com

 

Enquiries to:

Nathan Hambrook-Skinner

Senior Media Relations Manager

Tel: +44 (0)20 7327 6125            Email: [email protected]

 

About Lloyd's

Lloyd's is the world's leading insurance and reinsurance marketplace. Through the collective intelligence and risk-sharing expertise of the market's underwriters and brokers, Lloyd's helps to create a braver world.

 

The Lloyd's market provides the leadership and insight to anticipate and understand risk, and the knowledge to develop relevant, new and innovative forms of insurance for customers globally.

 

It offers the efficiencies of shared resources and services in a marketplace that covers and shares risks from more than 200 territories, in any industry, at any scale.

 

And it promises a trusted, enduring partnership built on the confidence that Lloyd's protects what matters most: helping people, businesses and communities to recover in times of need.

 

Lloyd's began with a few courageous entrepreneurs in a coffeeshop. Three centuries later, the Lloyd's market continues that proud tradition, sharing risk in order to protect, build resilience and inspire courage everywhere.

 


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END
 
 
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