Lloyd's vehicle seeks to raise up to £15m

Hampden Underwriting has announced its intention to float on AIM and raise up to £15m through a subscription offer.

Hampden Capital intends to invest £1m in Hampden Underwriting pursuant to the Offer, the company said.

Sir Michael Oliver, chairman of Hampden Underwriting, said: “Hampden Underwriting provides a unique investment opportunity for investors to participate in the Lloyd’s market at a time when the global insurance market is enjoying the benefits of higher rates following a series of natural catastrophes.

"We are confident that Hampden Agencies, as the largest provider of third party capital to the Lloyd’s market, has the necessary industry expertise to help maximise this opportunity for shareholders.”

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