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by : Alpha Insurance Analysts Limited

Lloyd's have announced the results for auction 4 as follows:

 

Lloyd’s capacity auctions

Auction newsletter No 10

Auction four results

A total of £1.84 million of market capacity involving 15 syndicates underwriting this year was successfully auctioned at a total value of £266,000.

Subscription offers (offers to buy) totalled £11.81 million and tenders (offers to sell) totalled £8.15 million during the auction held on 11 – 12 November.

This auction is the fourth and final auction being held in 2014.

 

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.