Reinsurance News

Helios Underwriting

Helios to acquire Advantage DCP for up to £1.9mn

16th November 2018

Helios Underwriting plc has revealed plans to acquire Advantage DCP Limited, a limited liability member of Lloyd’s, for a consideration of up to £1.91 million. This consideration could be reduced to £1.66 million dependent on the deterioration of the current 2017 midpoint forecast for Advantage and the final result of that ... Read the full article

Helios increases syndicates’ capacity value by 28%

15th November 2018

Helios Underwriting plc has announced that it has increased the Weighted Average Prices of the syndicates comprising the Helios Capacity Fund by 28%. Following the conclusion of Lloyd’s Capacity Auctions for 2018, Helios increased the price per £ of capacity from 32p in 2017 to 40p in 2018 and the price ... Read the full article

Helios Underwriting moves to acquire Fyshe at discounted rate

15th August 2018

Helios Underwriting plc has announced a conditional agreement to acquire Fyshe Underwriting, a limited liability member of Lloyd’s of London, for a cash consideration of £68,630. The consideration represents a 38% discount of the £111,526 independent valuation placed on Fyshe by Humphrey's. Helios, who had previously announced a strategy to increase underwriting ... Read the full article

Helios increases capacity for 2018 on expectance of higher rates

1st December 2017

Helios Underwriting plc has increased its capacity for the 2018 year of account by 26% to £41 million (US$55.2mn), improving the quality of its portfolio as it looks to take advantage of expected price increases at the January 1st, 2018 renewals. The Helios Board has said that it expects to record ... Read the full article

Helios approved by Lloyd’s to acquire Chapman Underwriting

23rd November 2017

Helios Underwriting plc has announced the acquisition of Chapman Underwriting Limited, a limited liability member of Lloyd's of London, for a cash consideration of £540,000 (roughly US$715,000). The acquisition comes following approval of change of control by the Lloyd's of London marketplace, and is in line with Helios' strategy of increasing underwriting ... Read the full article