Auction Two Day One data

Lloyd’s has released data relating to the first day of the second of this year’s capacity auctions. A total of £18.8m of capacity has been tendered for sale so far. This is sharply down on the volumes in the first auction held last week. Some sellers do choose to tender their capacity for sale on the second day of the auction, and last week a Day One volume of £50m tenders was increased to £99m by Day Two. We therefore expect more capacity to become available tomorrow. There are tenders (for sale) registered for all 17 syndicates available to trade at auction. At present, 15 of the syndicates have registered subscriptions (offers to buy).

The auction will conclude tomorrow, with results available tomorrow evening (October 26^th).

This is the second of three auctions; the final auction will be held next week on Wednesday 1st and Thursday 2nd November.

A summary of tender and subscription volumes and day one strike prices available here.