REG - Lloyds Of London - Notice of Results

Lloyds BankingAnnouncement

26/10/2023 16:30

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RNS Number : 4486R  Lloyds Of London  26 October 2023

 

Lloyd's 2024 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 2024 underwriting year.
A total of £23.82 million of market capacity involving 17 syndicates
underwriting this year was successfully auctioned at a total value of £12.04
million.

Subscription offers (offers to buy) totalled £626.32 million and tenders
(offers to sell) totalled £30.02 million during the auction held on 25 &
26 October.  A summary of results is detailed below.

 Syndicate     Premium (p)  Allocated (£)        Value (£)
 0033          79.521       2,271,968            1,806,682
 0218          1.360        1,679,498            22,839
 0318          10.851       578,239              62,746
 0386          74.653       747,503              558,036
 0510          45.297       3,771,207            1,708,225
 0609          66.556       3,481,879            2,317,398
 0623          55.353       3,870,562            2,142,463
 0727          98.766       194,484              192,085
 1176          242.764      109,355              265,474
 1969          19.874       485,917              96,572
 2010          25.842       1,180,519            305,071
 2121          8.300        305,909              25,390
 2525          110.545      315,168              348,401
 2689          5.300        709,090              37,582
 2791          75.658       2,569,065            1,943,707
 4444          11.985       523,240              62,713
 5886          13.698       1,022,997            140,133

 

This auction is the second of three auctions being held in October/November
2023.

-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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