Helios Underw Share News (HUW)

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.

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.

UK shareholder meetings calendar - next 7 days

IN BRIEF: Helios Underwriting Deputy Chair sells 200,000 shares

Helios Underwriting PLC - London-based limited liability vehicles investment company - Executive Deputy Chair Nigel Hanbury sells 200,000 shares at 170 pence each, worth GBP340,000, in London on Tuesday.

Director dealings: Greencoat UKW non-exec invests, Helios chair and wife save shares

(Sharecast News) - Greencoat UK Wind was at the top of the list of director buys on Monday, after a non-executive director purchased almost £0.15m worth of shares in three tranches.

IN BRIEF: Helios Underwriting mid-point forecast shows stronger market

Helios Underwriting PLC - London-based limited liability vehicles investment company - Reports the initial mid-point profit forecast for 2022 of 5.7% compares to 3.9% in 2021, a recognition of stronger market conditions. Says this, compounded by Helios' increased retained capacity results in the recognition of additional after tax underwriting profits to be earned of 20 pence per share in the future.

IN BRIEF: Helios Underwriting annual loss widens in challenging year

Helios Underwriting PLC - London-based limited liability vehicles investment company - Pretax loss widens in 2022 to GBP5.2 million from GBP645,000 the previous year, with the company saying this was due to the macroeconomic difficulties with interest rate hikes and the Ukraine war dampening returns. However, the company says that the "results have been skewed by the steps Helios has taken to position our portfolio to yield significant returns", with a three-year lag in the recognition of underwriting profit in the company accounts distorting returns. Revenue doubles to GBP143.3 million from GBP71.8 million, whilst net premiums written soars to GBP187.6 million from GBP79.1 million. Helios Underwriting recommends a final dividend of 3 pence per share, unchanged from last year.

Helios Underwriting appoints Reith as CEO as retained capacity rises

(Alliance News) - Helios Underwriting PLC on Tuesday said it appointed Non-Executive Director Martin Reith as chief executive officer, replacing Nigel Hanbury immediately, while retained capacity rose in 2022.

CORRECT: Helios Underwriting increases portfolio by 27%

(Correcting that Helios Underwriting is an investment vehicle that acquires and consolidates underwriting capacity at Lloyd's insurance market, not Lloyds Banking Group).

Helios Underwriting says portfolio increases by 27% since last January

(Alliance News) - Helios Underwriting PLC on Tuesday said its overall portfolio on January 1 increased by 27% from a year earlier.

CORRECT: Helios Underwriting acquires vehicles for GBP5.7 million

(Correcting that acquisition was made by Helios Underwriting, not Helios Towers.)

IN BRIEF: Helios Towers acquires vehicles for GBP5.7 million

Helios Towers PLC - Africa-focused mobile phone tower infrastructure company - Acquires a further three limited liability vehicles for GBP5.7 million. The vehicles include Harris Family UTG Ltd, Whitehouse Underwriting Ltd, and Risk Capital UTG Ltd. GBP5.1 million will be paid in cash, GBP400,000 through the issue of 235,796 new ordinary shares at a price of GBP1.6 per share, and a further GBP300,000 have been deferred, dependent on the result of the LLVs' open years of account. Notes that the acquisition of Harris Family UTG and Whitehouse Underwriting have been completed and the completion of Risk Capital UTG Ltd is subject to a change of control approval.

Helios Underwriting raises GBP12.5 million from share issue

(Alliance News) - Helios Underwriting PLC on Thursday said it has raised GBP12.5 million through a placing and subscription of 8.0 million new shares at GBP1.56 each.

TRADING UPDATES: Helios Underwriting plans to raise GBP13.5 million

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

EARNINGS SUMMARY: APQ, Pires loss widens; REI profit down

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: