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8 October 2021Insurance

Helios acquires Lloyd's LLVs with £4m syndicate capacity

Lloyd's of London's investment vehicle Helios Underwriting has boosted its underwriting capacity through acquisition of three limited liability vehicles (LLVs), and revealed that 13 more are in the pipeline.

Helios, which provides a limited liability direct investment into the Lloyd's insurance market, has acquired three LLVs for an aggregate cash consideration of £2.6 million, bringing it a syndicate capacity of £4 million.

Additionally, the company has agreed terms to buy a further 13 LLV's. Completion of these deals is subject to regulatory approval.

Helios expects that these acquisitions will be completed shortly.

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More on this story

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25 March 2022   The gain follows M&A plus 5-year outperformance to marketplace now pegged 6.1%.
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23 December 2021   Helios has now acquired 43 companies with a total underwriting capacity of £68m.
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24 September 2021   The move is in line with its strategy of increasing underwriting capacity through acquisition.