Reinsurance News

Helios acquires LLV Queensbury Underwriting

18th November 2021 - Author: Matt Sheehan

Helios Underwriting, the Lloyd’s of London investment and underwriting vehicle, has announced the competition of a further limited liability vehicle (LLV) acquisition.

helios-underwriting-logoQueensberry Underwriting Limited was acquired for a cash consideration of £800,000.

It will provide Helios with further syndicate capacity of £2.2 million.

This time last month, Helios confirmed that it had successfully acquired three more LLVs, namely Nameco (No.389) Limited, Nomina No 469 LLP and Nomina No 536 LLP.

Together, this trio were acquired for a cash consideration of roughly £2.6 million, generating syndicate capacity of £4.0 million.

Gallagher Re

Helios has also confirmed that terms have been agreed with a further 11 LLVs where completion remains subject to regulatory approval.

It is expected that these acquisitions will be completed shortly, and further announcements will be made in due course.

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