Average volumes traded for syndicate capacity fell in the second Lloyd's auction this week, although pricing for the perceived blue chips remained strong.
At £32.6mn, overall capacity traded was down 19 percent on the second auction of 2011 (£40.2mn), and down on the £40.6mn that traded in the first auction of this year, with buyers continuing to outnumber willing sellers.
The ever-profitable Chaucer nuclear Syndicate 1176 once again headed the list of most expensive syndicates, with the average price of...
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