By Wahida Swaleh
Date: Wednesday 09 Jul 2014
LONDON (ShareCast) - Insurance group Helios Underwriting is set to acquire Dumasco, a limited liability member of Lloyd’s (LLV) for £2.5m in cash.
The acquisition is in line with the firm’s strategy of increasing underwriting capacity through "acquiring corporate members as suitable opportunities arise".
The underwriting capacity of the LLV is £1.5m compared to the firm’s capacity of £21.3m before the acquisition.
Chief Executive Officer Nigel Hanbury said: "We are delighted to have agreed a further LLV acquisition which will further increase our underwriting capacity.
“[...] We continue to believe that there remain significant opportunities for further growth available to the company."
As of 09:54 the share price was unchanged a 148p.
WS
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Currency | UK Pounds |
Share Price | 172.69p |
Change Today | 5.19p |
% Change | 3.10 % |
52 Week High | 182.50 |
52 Week Low | 115.00 |
Volume | 3,012 |
Shares Issued | 74.75m |
Market Cap | £129.08m |
Value |
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Price Trend |
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Income |
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Growth |
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Latest | Previous | |
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Final | Final | |
Ex-Div | 08-Jun-23 | 23-Jun-22 |
Paid | 14-Jul-23 | 18-Jul-22 |
Amount | 3.00p | 3.00p |
Time | Volume / Share Price |
09:36 | 2,927 @ 168.60p |
09:01 | 85 @ 165.00p |
Finance Director | Arthur Manners |
CEO | Martin Reith |
Chair | Michael Wade |
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