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.”