TIDMHUW 
 
RNS Number : 3578N 
Hampden Underwriting Plc 
16 February 2009 
 

 
 
 
 
16 February 2009 
 
 
Hampden Underwriting PLC 
("Hampden Underwriting" or the "Company") 
 
 
Acquisition of corporate member 
 
 
Hampden Underwriting, which provides investors with a limited liability direct 
investment into the Lloyd's insurance market, announces that it has acquired a 
corporate member of Lloyd's for a consideration of GBP0.5 million in cash. The 
2008 underwriting capacity of the corporate member (Nameco (No. 605) Limited) 
was GBP2.5 million; this compares with Hampden Underwriting's 2008 capacity of 
GBP5.4 million.Nameco (No. 605) Limited participates in a spread of Lloyd's 
syndicates similar to Hampden Underwriting's own participation. 
 
 
In the year ended 31 December 2007, Nameco (No. 605) Limited made a profit 
before tax of GBP0.4 million on gross premiums written of GBP1.9 million and had 
net assets of GBP0.3 million at that date. Hampden Underwriting will contribute 
a further GBP0.9 million in cash to its funds at Lloyd's to support the 
Company's enlarged underwriting activities. 
 
 
Commenting upon these results Jeremy Evans, a director of Hampden Underwriting, 
said: 
 
 
"We are pleased to have made this acquisition of a further corporate member 
which significantly increases our underwriting capacity and is in line with our 
stated strategy of acquiring corporate members as suitable opportunities 
arise. Since the events of last year, the market is showing signs of hardening 
and we expect this trend to continue through the course of 2009." 
 
 
For further information please contact: 
 
+-----------------------+------------------------+---------------------+ 
| Hampden Underwriting  | Jeremy Evans           | 020 7863 6567       | 
|                       |                        |                     | 
+-----------------------+------------------------+---------------------+ 
| Smith & Williamson    | Azhic Basirov          | 020 7131 4000       | 
| Corporate Finance     | David Jones            |                     | 
| Limited               | Joanne Royden-Turner   |                     | 
|                       |                        |                     | 
+-----------------------+------------------------+---------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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