Helios acquires four Lloyd’s limited liability vehicles

Helios Underwriting Plc has acquired four Lloyd’s limited liability vehicles for a total consideration of approximately £5.8m. The four LLVs are: North Breache Underwriting Limited, Nameco (No 1011) Limited, G.T.C. Underwriting Limited and Nameco (No 2012) Limited.

The total consideration paid for North Breache was £3.9m, while the consideration for the other three vehicles totalled £1.9m.

Helios has a pipeline of further deals under consideration. It focuses on property insurance and reinsurance.

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