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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