The group continues to deliver on its stated strategy to build a meaningful third party capital provider and has today announced a further acquisition. It has agreed to acquire the LLV Nottus No.51 Ltd for £964,500 in cash, equivalent to a c4% discount to the independent Humphrey valuation of £1.0m. The LLV has some £669k of underwriting capacity for 2017 and so this will take the group’s capacity for the 2017 YOA to £35.6m. Nottus has a portfolio of syndicates t
09 Jun 2017
Acquisition of LLV Nottus
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Acquisition of LLV Nottus
Helios Underwriting PLC (HUW:LON) | 155 0 0.0% | Mkt Cap: 115.9m
- Published:
09 Jun 2017 -
Author:
Joanna Parsons -
Pages:
2
The group continues to deliver on its stated strategy to build a meaningful third party capital provider and has today announced a further acquisition. It has agreed to acquire the LLV Nottus No.51 Ltd for £964,500 in cash, equivalent to a c4% discount to the independent Humphrey valuation of £1.0m. The LLV has some £669k of underwriting capacity for 2017 and so this will take the group’s capacity for the 2017 YOA to £35.6m. Nottus has a portfolio of syndicates t