The question was: My first settlement transaction attracted only two bids, and both were close in dollar amount. Is that what I should expect on settlement transactions, or do most cases typically attract more bids and that differ significantly in amount?
The answer is: When a policy is sent out to the market for bids, what one should expect is all over the board.
First of all, the market is constantly evolving and the variety of settlement outlets have “different money” at different times. What I mean by that is the settlement outlets have to work within the parameters of those putting up the money. Different sources of money may be looking for different types of policies at different times.