StockMarketWire.com - Insurance group Helios Underwriting said it had acquired Catbang 926, a limited liability member of Lloyd's of London, for £5.6m.
Catbang 926 participated in a spread of Lloyd's syndicates that broadly matchesdthe existing portfolio of Helios.
The company said the transaction would enable it to continue to build its participations on the better syndicates at Lloyd's.
The 2019 underwriting capacity of Catbang 926 was £4.1m.
At 9:43am: [LON:HUW] Helios Underwriting PLC share price was +1p at 132p
Story provided by StockMarketWire.com
Shares Magazine
Shares is the leading weekly publication for retail investors. It is packed with investment ideas, news and educational material to help build and run portfolios and get more from your money.
Investor Events
Shares puts on free Investor Events throughout the year across the country. They provide an opportunity for investors to learn more about companies on the stock market and hear from a range of investment experts including fund managers and Shares journalists.