Helios acquires Devon Underwriting

AIM-listed Lloyd's private capacity provider Helios
Underwriting has acquired Devon Underwriting, a limited liability
member of Lloyd's, for £1.1mn, it announced today (22
January).
Devon has 2016 underwriting capacity of £1.2mn, compared
with Helios' 2016 capacity of £28.1mn prior to the
acquisition. Helios will provide Fund's at Lloyd's of
approximately £0.7mn.
Commenting on the acquisition, Helios CEO Nigel Hanbury said:
"This is in line with our stated strategy of acq