REG - Lloyds Of London - Lloyd’s 2023 Capacity Auction 1 Results

Lloyds BankingAnnouncement

27/10/2022 16:45

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RNS Number : 3927E  Lloyds Of London  27 October 2022

 

Lloyd's 2023 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 2023 underwriting year.  A
total of £133.28 million of market capacity involving 17 syndicates
underwriting this year was successfully auctioned at a total value of £46.77
million.

Subscription offers (offers to buy) totalled £1,021.42 million and tenders
(offers to sell) totalled £198.80 million during the auction held on 26 &
27 October.  A summary of results is detailed below.

 Syndicate    Premium (p)   Allocated (£)        Value (£)
 0033       63.695          4,511,822                  2,873,797
 0218       0.302           4,175,040                  12,595
 0318       1.267           653,841                    8,283
 0386       85.344          1,180,133                  1,007,171
 0510       33.439          32,286,842                 10,796,264
 0609       60.968          15,008,851                 9,150,600
 0623       34.940          39,647,849                 13,852,958
 0727       94.995          588,565                    559,107
 1176       210.175         189,299                    397,859
 1969       10.163          1,181,852                  120,110
 2010       12.601          18,945,401                 2,387,394
 2121       0.212           2,803,000                  5,932
 2525       91.569          906,087                    829,693
 2689       0.242           1,189,788                  2,881
 2791       84.394          5,218,333                  4,403,965
 4444       8.051           282,989                    22,785
 5886       7.494           4,509,396                  337,955

 

This auction is the first of three auctions being held in October/November
2022.

-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 commercial, corporate and
specialty risk solutions. Through the collective intelligence and expertise of
the market's underwriters and brokers, we're sharing risk to create a braver
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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.
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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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