REG - Lloyds Of London - Lloyd’s 2025 Capacity Auction 1 Results

Lloyds BankingAnnouncement

23/10/2024 16:30

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RNS Number : 3529J  Lloyds Of London  23 October 2024

 

Lloyd's 2025 Capacity Auction 1 Results

 

Lloyd's, the world's specialist insurance market, today announces the result
of the first auction of syndicate capacity for the 2025 underwriting year. A
total of £79.42 million of market capacity involving 19 syndicates
underwriting this year was successfully auctioned at a total value of £33.03
million.

Subscription offers (offers to buy) totalled £285.76 million and tenders
(offers to sell) totalled £101.00 million during the auction held on 22 &
23 October. A summary of results is detailed below.

 

 Syndicate  Premium (p)  Allocated (£)   Value (£)
 0033       84.639       3,262,928               2,761,707
 0218       3.343        1,034,183               34,578
 0318       23.148       551,569                 127,679
 0386       83.953       878,449                 737,481
 0510       50.876       21,640,082              11,009,681
 0609       60.735       8,463,652               5,140,368
 0623       51.484       5,163,040               2,658,120
 0727       95.703       841,219                 805,071
 1176       270.794      226,768                 614,074
 1969       13.832       980,777                 135,664
 2010       28.006       13,577,483              3,802,531
 2121       26.735       835,974                 223,494
 2525       120.588      478,876                 577,466
 2689       5.598        6,660,066               372,845
 2791       82.558       2,797,912               2,309,889
 3123       27.571       1,665,222               459,120
 3939       1.920        176,621                 3,391
 4444       14.578       410,373                 59,824
 5886       12.258       9,771,775               1,197,851

 

This auction is the first of three auctions being held in October/November
2024.

-ENDS-

 

Notes to Editors:

Enquiries to:
Lloyd's Press Office
Tel: +44 (0) 20 7327 5111 Email: pressoffice@lloyds.com
(mailto:pressoffice@lloyds.com)

About Lloyd's :

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

 

The Lloyd's market offers the resources, capability and insight to develop new
and innovative products for customers in any industry, on any scale, in more
than 200 territories.

 

We're made up of more than 50 leading insurance companies, over 380 registered
Lloyd's brokers and a global network of over 4,000 local coverholders. Behind
the Lloyd's market is the Corporation: an independent organisation and
regulator working to maintain the market's successful reputation and
operation.

 

We're working to build solutions for the most current and prevalent threats.
As Chair of the Insurance Task Force for HRH The Prince of Wales's Sustainable
Markets Initiative, Lloyd's is bringing the industry together to insure the
transition to net zero. Our research community is pooling expertise from
across the industry to provide cutting edge insight on systemic risks from
climate change to cyber security.

 

And through our digital-led strategy, The Future at Lloyd's, we're making it
easier and cheaper to place, price and process cover in the Lloyd's market.

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