LONDON, UK: Helios, a leading provider of insurance solutions, has announced the acquisition of Chorlton Underwriting Limited, a specialist underwriter of niche and non-standard risks, for £2m. The deal, which was completed on 13 July 2023, is part of Helios’ strategy to increase its underwriting capacity and diversify its product portfolio. Helios paid £1.8m in…
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Helios acquires Lloyd’s of London’s North Breache Underwriting
LONDON, UK: Helios Underwriting has acquired North Breache Underwriting Limited, a limited liability member of Lloyd’s of London. The total consideration paid for North Breache was £3.9 million, of which £3.4 million was paid on completion in cash and £0.5 million has been satisfied by the issue of 304,878 new ordinary shares in Helios at…