Uncategorised

Lloyd’s Capacity Auctions delayed by one week

Posted 14/10/2022 – Uncategorised

Following suspicious activity found in the Lloyd’s IT systems early last week there have been difficulties in turning back on all the aspects of the network and this has included the Member Modeller which is crucial for seeing the impact of syndicate capital requirements on the portfolios of capital providers. After more difficulties today the decision has sensibly been made by the Auction Official to delay the Lloyd’s Capacity Auctions by a week.

The revised dates of the Auctions will be:

Auction 1: Wednesday 26th/ Thursday 27th October

Auction 2: Wednesday 2nd/ Thursday 3rd November

Auction 3: Wednesday 9th/ Thursday 10th November

These revised dates will be communicated from Lloyd’s via an Auction Newsletter either later today or on Monday but we wanted to let our members know the latest state of play as soon as possible.

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