Helios Underw Share News (HUW)
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Tue, 09th Mar 2021 18:04
Helios Underwriting PLC - Lloyd's of London insurer - Says it has successfully raised gross proceeds of GBP53.5 million through a placing of, and a subscription for 33.4 million shares at a price of 160 pence per share.
Current stock price: 169p, 13% lower on Tuesday
Year-to-date change: up 30%
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
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(Sharecast News) - Helios Underwriting announced on Wednesday that, in line with its strategy of increasing underwriting capacity through acquisition, it has acquired North Breache Underwriting, a limited liability member of Lloyd's of London.
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Read more(Sharecast News) - Lloyd's of London underwriting capacity consolidator Helios updated its current mid-point forecasts for its portfolio of syndicate capacity for account years 2019 and 2020 on Friday, based on first quarter 2021 estimates.
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