Lloyd's 2023 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 2023 underwriting year. A total of £76.72 million of market capacity involving 17 syndicates underwriting this year was successfully auctioned at a total value of £19.02 million.
Subscription offers (offers to buy) totalled £937.65 million and tenders (offers to sell) totalled £106.03 million during the auction held on 02 & 03 November. A summary of results is detailed below.
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| Syndicate | Premium (p) | Allocated (£) | Value (£) | ||||
| 0033 | 67.101 | 2,367,844 | 1,588,847 | ||||
| 0218 | 0.183 | 600,000 | 1,100 | ||||
| 0318 | 1.402 | 85,562 | 1,199 | ||||
| 0386 | 91.879 | 915,182 | 840,856 | ||||
| 0510 | 33.164 | 10,907,050 | 3,617,204 | ||||
| 0609 | 43.813 | 8,537,326 | 3,740,417 | ||||
| 0623 | 27.184 | 16,268,826 | 4,422,472 | ||||
| 0727 | 98.880 | 389,745 | 385,380 | ||||
| 1176 | 223.440 | 38,414 | 85,832 | ||||
| 1969 | 16.569 | 469,618 | 77,813 | ||||
| 2010 | 12.808 | 7,100,536 | 909,409 | ||||
| 2121 | 0.120 | 20,080,001 | 24,140 | ||||
| 2525 | 102.326 | 214,470 | 219,458 | ||||
| 2689 | 0.135 | 249,155 | 335 | ||||
| 2791 | 73.994 | 3,939,492 | 2,914,993 | ||||
| 4444 | 8.312 | 415,562 | 34,542 | ||||
| 5886 | 3.703 | 4,139,582 | 153,295 | ||||
This auction is the second of three auctions being held in October/November 2022.
-ENDS-
Notes to Editors:
Enquiries to:
Lloyd's Press Office
Tel: +44 (0) 20 7327 5111 Email: pressoffice@lloyds.com
About Lloyd's :
Lloyd's is the world's leading marketplace for commercial, corporate and specialty risk solutions. 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.