20th Nov 2013 09:41
LONDON (Alliance News) - Hampden Underwriting PLC Wednesday said it has decided to change its name to Helios Underwriting PLC, because it was being confused with Hampden PLC.
Hampden Underwriting provides a limited liability direct investment into the Lloyd's insurance market. Hampden PLC, part of Hampden Capital PLC, owns and administers a number of insurance and reinsurance companies in run-off.
"Within the Hampden Group there is already an entity named Hampden PLC and confusion has been noted by clients of the members agency as well as by the directors of and advisers to Hampden Underwriting," the company said in a statement.
The change in name is subject to approval by shareholders and by the UK Financial Conduct Authority.
Hampden Underwriting said the close mutual association with the Hampden Group will continue in all other respects.
Hampden Underwriting shares were Wednesday quoted at 135.00 pence, down 1.10%.
By Samuel Agini; [email protected]; @samuelagini
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