Acquisition of Pooks

RNS Number : 1433V

Helios Underwriting Plc

26 January 2017

 

Helios Underwriting PLC

("Helios" or the "Company")

 26 January 2017

Acquisition of Pooks

Further to the Company's announcements made on 22 December 2016 and 9 January 2017, Helios is pleased to announce competition of the acquisition of Pooks Limited ("Pooks"), a limited liability member of Lloyd's, following approval on 25 January 2017 by Lloyds' of London of the change of control of Pooks.

-Ends-

For further information, please contact:

Helios

Nigel Hanbury - Chief Executive                                 020 7863 6655 / [e-mail]

Arthur Manners - Chief Financial Officer                      07754 965917

Stockdale Securities                                              020 7601 6100

Robert Finlay

Richard Johnson

David Coaten

About Helios

Helios provides a limited liability direct investment into the Lloyd's insurance market and is quoted on the London Stock Exchange's AIM market (ticker: HUW).  Helios trades within the Lloyd's insurance market writing approximately £33 million of capacity for the 2017 account.  The portfolio provides a good spread of classes of business being concentrated in property insurance and reinsurance.  For further information, please visit www.huwplc.com.

 

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