REG - Lloyds Of London - Lloyd’s 2023 Capacity Auction 2 Results

Lloyds BankingAnnouncement

03/11/2022 18:15

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RNS Number : 2794F  Lloyds Of London  03 November 2022

 

Lloyd's 2023 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 2023 underwriting year.
A total of £76.72 million of market capacity involving 17 syndicates
underwriting this year was successfully auctioned at a total value of £19.02
million.

Subscription offers (offers to buy) totalled £937.65 million and tenders
(offers to sell) totalled £106.03 million during the auction held on 02 &
03 November.  A summary of results is detailed below.

 Syndicate     Premium (p)  Allocated (£)        Value (£)
 0033          67.101       2,367,844            1,588,847
 0218          0.183        600,000              1,100
 0318          1.402        85,562               1,199
 0386          91.879       915,182              840,856
 0510          33.164       10,907,050           3,617,204
 0609          43.813       8,537,326            3,740,417
 0623          27.184       16,268,826           4,422,472
 0727          98.880       389,745              385,380
 1176          223.440      38,414               85,832
 1969          16.569       469,618              77,813
 2010          12.808       7,100,536            909,409
 2121          0.120        20,080,001           24,140
 2525          102.326      214,470              219,458
 2689          0.135        249,155              335
 2791          73.994       3,939,492            2,914,993
 4444          8.312        415,562              34,542
 5886          3.703        4,139,582            153,295

 

This auction is the second 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)

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