Auction Two Day One bid summary
The data for the first day of the second capacity auction of 2020 was released earlier today by Lloyd’s.
In total, £53m of capacity is being tendered for sale across 19 syndicates. In addition to the £53m of tendered capacity, Day 1 also saw £502m of subscriptions (buy orders) lodged. This includes £469m from Beazley and £20m from Atrium for Syndicates 623 and 609 respectively, leaving £13m of other subscriptions.
The attached schedule here shows the tendered and subscribed capacity.
We anticipate that auction results will be available on time tomorrow before the end of the working day.