Completion of Acquisition

RNS Number : 7037J

Helios Underwriting Plc

06 December 2018

 

Helios Underwriting plc

("Helios" or the "Company")

Acquisition of Advantage DCP Limited

Further to the Company's announcement made on 15^th November 2018, Helios is pleased to announce completion of the acquisition of Advantage DCP Limited ("Advantage"), a limited liability member of Lloyd's, following approval by Lloyds' of London of the change of control of Advantage.

For further information please contact:

Helios Underwriting plc

Nigel Hanbury - Chief Executive                                                             07787 530 404 

Arthur Manners - Chief Financial Officer                                              07754 965 917

Stockdale Securities Limited

Robert Finlay                                                                                             020 7601 6100

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 £45m of capacity for the 2018 account. The portfolio provides a good spread of business being concentrated in property insurance and reinsurance. For further information please visit www.huwplc.com.

 

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