Helios Underwriting Plc has now completed seven of the 20 limited liability vehicles (LLVs) acquisitions in its pipeline.
Snapped up for an aggregate cash consideration worth £5.1 million, the seven LLVs represent £6.6 million in syndicate capacity. The following are now part of Helios:
|
Name |
2021 capacity |
Consideration |
|
Kemah Lime Street Capital Limited |
£502,000 |
£480,000 |
|
Nameco (No 1130) Limited |
£653,000 |
£715,000 |
|
Nomina No. 070 LLP |
£1.04 million |
£645,000 |
|
New Filcom Limited |
£364,000 |
£651,000 |
|
Nameco (No.389) Limited |
£2 million |
£1.83 million |
|
Nomina No 469 LLP |
£494,000 |
£223,000 |
|
Nomina No 536 LLP |
£1.5 million |
£543,000 |
“Terms have been agreed with a further 13 LLVs where completion is subject, inter alia, to regulatory approval,” said the capacity consolidator, which provides a limited liability direct investment into the Lloyd’s insurance market.
“It is expected that these acquisitions will be completed shortly, and further announcements will be made in due course.”
