Helios completes Pooks acquisition

Aim-listed carrier Helios Underwriting has completed its
£870,659 ($1.1mn) acquisition of Lloyd's limited liability
vehicle Pooks, it announced this morning.
The vehicle was formerly owned by Helios CEO Nigel Hanbury and
has underwriting capacity of £784,666. In the year ended 31
December 2015, Pooks made a profit before tax of £28,156 on
gross written premiums of £606,141.
Based on Pooks' 2017 underwriting capacity of £784,666,
the acquisition will take Helios' 201