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Pin to quick picksHelios Underw Share News (HUW)

Share Price Information for Helios Underw (HUW)

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Share Price: 175.00
Bid: 170.00
Ask: 180.00
Change: 7.50 (4.48%)
Spread: 10.00 (5.882%)
Open: 167.50
High: 175.00
Low: 166.50
Prev. Close: 167.50
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Helios nets Lloyd's insurer Fyshe Underwriting

Mon, 13th Aug 2018 11:07

(Sharecast News) - Lloyds insurer Helios Underwriting has conditionally agreed to acquire fellow member Fyshe Underwriting for £68,630.Helios' acquisition of Fyshe, a limited liability member of Lloyd's of London, was conditional upon approval of the change of control by Lloyd's, something the group expects to receive "shortly".AIM-quoted Helios said the £500,150 underwriting capacity of Fyshe, which participates in a spread of Lloyd's syndicates with many similarities to its own portfolio, would give a decent leg up to Helios's 2018 capacity of £41mThe £68,630 consideration for the deal represents a discount of 38% to an independent valuation of £111,526 placed on Fyshe by Humphrey's.The group intends to reinsure 70% of its 2018 underwriting year, in line with its policy of reducing "on-risk" exposures.As of middat on Monday, Helios shares had crept up 0.77% to 131p.
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IN BRIEF: Helios Underwriting expects capacity fund value to rise

Helios Underwriting PLC - investment vehicle, which provides shareholders with participation in the Lloyd's insurance market - Says value of the capacity fund at December 31 is expected to be GBP82.4 million from GBP60.0 million a year earlier. Expects freehold capacity of GBP175.9 million versus GBP147.3 million. Now expects NAV per share to rise to 172 pence on December 31 from 154p on June 30.

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8 Nov 2023 10:41

Helios Underwriting shares rise after value update

(Sharecast News) - Lloyd's market investment vehicle Helios Underwriting updated the market on the value of its capacity portfolio on Wednesday, following the recent capacity auctions at Lloyd's.

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10 Oct 2023 14:09

Helios Underwriting announces share buyback, plans to up dividend

(Alliance News) - Helios Underwriting PLC on Tuesday announced plans to increase its dividend policy with help from its forecast profit stream, and to commence a new share buyback worth up to GBP1.5 million.

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28 Sep 2023 10:55

Helios Underwriting swings to profit and expects portfolio to shine

(Alliance News) - Helios Underwriting PLC on Thursday said it swung to a profit in the first half of 2023, as revenue increased, while it added it expects its portfolio to "thrive".

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30 Aug 2023 14:27

Helios Underwriting goes from "strength to strength" in second quarter

(Alliance News) - Helios Underwriting PLC on Wednesday said it had a strong second quarter thanks to an "outstanding" portfolio, with an increased net asset value and an anticipated rise in underwriting profit.

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25 Jul 2023 11:06

IN BRIEF: Helios Underwriting buys Park Farm in GBP3.2 million deal

Helios Underwriting PLC - London-based limited liability vehicles investment company - Buys Park Farm Underwriting Ltd for GBP3.2 million. Parks Farm is a limited liability vehicle, that provides a syndicate capacity of GBP2.3 million.

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14 Jul 2023 15:02

Director dealings: Ferguson non-exec invests, Helios Underwriting chair gets dividend alternative

(Sharecast News) - Ferguson was on the list of director buys on Friday, after a non-employee director picked up almost $65k worth of shares.

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14 Jul 2023 08:57

IN BRIEF: Helios Underwriting acquires underwriter for GBP2.0 million

Helios Underwriting PLC - London-based limited liability vehicles investment company - Acquires entire issued capital of Chorlton Underwriting Ltd for GBP2.0 million, including GBP200,000 via the issue of 123,457 shares at a price GBP1.62 per share. The rest is payable in cash. Helios Underwriting's issued share capital will comprise 77.5 million shares with voting rights and no restrictions following the acquisition.

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14 Jul 2023 08:39

Helios Underwriting acquires Chorlton in £2m deal

(Sharecast News) - Insurance and reinsurance specialist Helios Underwriting announced the successful acquisition of Chorlton Underwriting on Friday, aligning with its strategic plan to expand its underwriting capacity.

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