Deal will increase underwriting capacity by £1.5m

Helios Underwriting has bought Lloyd’s limited liability vehicle (LLV) Dumasco in a £2.5m cash deal.

The acquisition will increase Helios’s underwriting capacity by £1.5m to £22.8m.

Chief executive Nigel Hanbury said: “We are delighted to have agreed a further LLV acquisition, which will further increase our underwriting capacity. This is in line with our stated strategy of acquiring corporate members as suitable opportunities arise. We continue to believe that there remain significant opportunities for further growth available to the company.”