Helios buys Lloyd's Nameco for £2m; completes £1.15m capital raise

Helios to buy Lloyd's Nameco for £2m; raises £1.15m through placing of shares

17-06-2019

Helios to buy Lloyd's Nameco for £2m; raises £1.15m through placing of shares

BsWei / istock

Lloyd's private capacity provider Helios Underwriting has entered into an agreement to acquire the entire issued share capital of Nameco 1113, a limited liability member of Lloyd’s, from its owner Nigel Hanbury for just over £2 million.

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Lloyd's, Helios Underwriting, Nameco, Acquisition, Capital raise, Nigel Hanbury, Insurance, Reinsurance, UK

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