Helios agrees to acquire Nottus No 51
Aim-listed Lloyd's carrier Helios Underwriting has agreed to
acquire Nottus No 51, a limited liability member of Lloyd's,
for £964,500 ($1.2mn) in cash.
Nottus' underwriting capacity for 2017 is £669,000.
Prior to today's deal, Helios's 2017 capacity was
£35mn.
In the year ended 31 December 2015 Nottus made a profit before
tax of £102,674 on gross premiums written of £550,000.
Its net asset value at that date was £540,000.
Nottus's 2015 year of account is fore
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