Helios acquires new Names vehicle

Helios Underwriting has acquired Lloyd's liability vehicle
(LLV) Nameco (No 346) Limited for £3.75mn ($5.5mn) in cash, it
announced today (31 May).
The LLV has £3.3mn in underwriting capacity for the 2016
underwriting year and participates in a spread of Lloyd's
syndicates broadly similar to Helios's own participation, the
firm said.
Prior to this acquisition, Helios Underwriting had 2016 capacity
of £29.3mn.
CEO Nigel Hanbury commented: "This is in line with our
stated strateg