Limited Liability Vehicles for Sale

LLVs table

Corporate Member	PIL 2023	Capacity Value (note 2)	2020 Account Mid Point Estimate (note 3)	2021 Account Mid Point Estimate (note 3)	Funds at Lloyd's Required (note 4)	Humphrey Valuation (note 1)	Deadline (note 5)	Discretion to accept bids before the deadline
Nameco (No. 534) Ltd - Updated	2,994,975	1,545,862	43,338	94,014	1,826,935	3,685,039	N/A	N/A
*Updated - Nameco (No.421) Ltd	2,606,066	1,284,410	35,413	54,309	1,469,822	2,731,227	N/A	N/A
New Nomina No 464 LLP	1,432,203	771,344	6,642	22,285	875,077	797,410	N/A	N/A
New Nomina No 375 LLP	1,049,421	637,422	28,766	57,304	956,384	1,110,794	N/A	N/A
New Brian Sedgley Elvins LLP	1,000,000	343,467	7,678	17,181	530,000	344,754	N/A	N/A
New Nomina No 471 LLP	1,233,402	599,087	13,024	29,528	613,001	831,120	N/A	N/A
*Nameco (No.1208) Ltd - Updated	1,776,805	721,770	-1,616	9,683	1,090,959	970,357	N/A	N/A

NOTES:

1. Humphrey & Co Chartered Accountants have prepared a valuation with an aim to provide an estimated market value of the financial interest in the Corporate Member.

2. The Capacity is valued at the average weighted prices achieved in Auctions 1-3 of the 2022 auctions.

3. These amounts are based upon the mid-point estimates of the range of syndicate quarterly forecasts received from Managing Agents, the dates of which may vary from valuation to valuation.

4. The amount shown as Funds at Lloyd’s (FAL) required is based on the latest Lloyd's Quarterly Corridor Test position excluding any Solvency credit/debit. Depending upon the assets comprising the FAL, their value may be subject to fluctuation subsequent to the actual valuation date used in the Humphrey valuation. It may be necessary to replace the existing level of FAL where the FAL deposited is greater than the CIL amount required under the latest Test.

5. This is the date that the vendor has specified for bids to be received.

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