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2014 Auction 3 Results and Reports – Part I 15/10/2014
Lloyd's have announced the results for auction 3 as follows:
Wed 15 Oct 2014
Auction newsletter No 7
Auction three results
A total of £19.33 million of market capacity involving 22 syndicates underwriting this year was successfully auctioned at a total value of £4.86 million.
Subscription offers (offers to buy) totalled £121.41 million and tenders (offers to sell) totalled £31.63 million during the auction held on 14 – 15 October.
This auction is the last of three auctions being held in September and October.
The six reports issued by Lloyd's as part of the results announcement, including penny bands and unsatisfied bids reports, can be viewed in this and the accompanying Part II news article over which the reports have been split.