Deal will increase Helios’s underwriting capacity to £22.3m in 2015
Helios Underwriting has bought Lloyd’s limited liability vehicle (LLV) Updown Underwriting Limited in a £600,000 cash deal.
The acquisition will increase Helios’s underwriting capacity in 2015 to £22.3m.
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.”
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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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