REG - Lloyds Of London - Notice of Results

Lloyds BankingAnnouncement

02/11/2023 17:00

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RNS Number : 2428S  Lloyds Of London  02 November 2023

 

Lloyd's 2024 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 2024 underwriting year.  A
total of £21.65 million of market capacity involving 17 syndicates
underwriting this year was successfully auctioned at a total value of £9.35
million.

Subscription offers (offers to buy) totalled £597.52 million and tenders
(offers to sell) totalled £26.15 million during the auction held on 1 & 2
November.  A summary of results is detailed below.

 Syndicate    Premium (p)   Allocated (£)        Value (£)
 0033       82.642          1,555,048            1,285,120
 0218       0.653           1,275,000            8,325
 0318       13.930          439,425              61,213
 0386       87.848          100,264              88,080
 0510       50.000          2,661,050            1,330,525
 0609       67.321          2,459,553            1,655,792
 0623       61.227          3,117,232            1,908,593
 0727       99.522          131,405              130,777
 1176       250.308         60,182               150,641
 1969       17.700          214,870              38,032
 2010       25.895          524,521              135,827
 2121       9.553           5,448,032            520,467
 2525       122.736         322,233              395,496
 2689       14.361          130,644              18,761
 2791       78.745          1,747,335            1,375,937
 4444       13.376          415,500              55,579
 5886       18.312          1,049,225            192,139

 

This auction is the third and final auction being held in 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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