Helios Underwriting has completed the acquisition of Lloyd’s limited liability vehicles Nameco (No 76) and Kempton Underwriting.
Application will be made for the 1,454,536 new ordinary shares in the company issued as consideration for the acquisitions.
Following the issue of the new shares, Will Roseff, a director of gambling company Bet365, will hold 2,623,505 ordinary shares in the company, representing 25 percent of issued ordinary shares.
The combined 2015 underwriting capacity of the LLVs is £2 million and the LLVs participate in a spread of Lloyd's syndicates broadly similar to Helios' own participation.