REG - Lloyds Of London - Lloyd’s 2025 Capacity Auction 3 Results

Lloyds BankingAnnouncement

06/11/2024 16:30

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RNS Number : 2271L  Lloyds Of London  06 November 2024

 

Lloyd's 2025 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 2025 underwriting year.  A
total of £28.76 million of market capacity involving 18 syndicates
underwriting this year was successfully auctioned at a total value of £10.48
million.

Subscription offers (offers to buy) totalled £211.95 million and tenders
(offers to sell) totalled £39.85 million during the auction held on 5 & 6
November.  A summary of results is detailed below.

 Syndicate    Premium (p)   Allocated (£)        Value (£)
 0033       71.835          1,661,582            1,193,593
 0218       5.664           215,193              12,189
 0318       31.844          273,475              87,085
 0386       68.648          483,869              332,167
 0510       50.028          3,610,309            1,806,177
 0609       42.652          3,369,032            1,436,973
 0623       28.481          4,472,480            1,273,787
 0727       90.470          121,951              110,329
 1176       246.163         109,852              270,415
 1969       0.212           1,626,853            3,456
 2010       30.028          6,240,220            1,873,785
 2121       6.632           979,810              64,984
 2525       125.268         451,639              565,757
 2689       12.653          251,134              31,775
 2791       81.310          1,079,488            877,737
 3123       25.173          1,517,729            382,063
 4444       16.704          262,822              43,902
 5886       5.627           2,028,845            114,173

 

This auction is the third and final auction being held in 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
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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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