REG - Lloyds Of London - Lloyd’s 2023 Capacity Auction 3 Results

Lloyds BankingAnnouncement

10/11/2022 17:15

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RNS Number : 0393G  Lloyds Of London  10 November 2022

 

Lloyd's 2023 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 2023 underwriting year.  A
total of £44.05 million of market capacity involving 17 syndicates
underwriting this year was successfully auctioned at a total value of £8.41
million.

Subscription offers (offers to buy) totalled £900.42 million and tenders
(offers to sell) totalled £49.00 million during the auction held on 9 &
10 November.  A summary of results is detailed below.

 Syndicate    Premium (p)   Allocated (£)        Value (£)
 0033       56.042          1,193,061            668,612
 0218       0.200           10,208,607           20,417
 0318       0.758           32,314               245
 0386       85.000          833,297              708,302
 0510       32.963          2,166,525            714,149
 0609       44.079          2,335,518            1,029,475
 0623       27.378          6,744,270            1,846,434
 0727       98.733          762,162              752,504
 1176       226.393         77,719               175,950
 1969       13.294          531,903              70,711
 2010       12.624          2,770,249            349,717
 2121       0.122           9,601,173            11,700
 2525       105.030         468,166              491,715
 2689       0.101           2,611,205            2,649
 2791       66.957          2,206,898            1,477,680
 4444       9.054           392,057              35,496
 5886       5.374           1,110,041            59,657

 

This auction is the third and final auction being held in 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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