Hampden Underwriting Plc

Hampden Underwriting plc (“Hampden Underwriting” or “the Company”) has been incorporated primarily to provide a limited liability direct investment into the Lloyd’s insurance market in the UK. The Directors believe that Hampden Underwriting offers the only opportunity currently available for investment in a quoted company whose principal purpose is to participate in a spread portfolio of Lloyd’s syndicates rather than manage syndicates itself. 

Hampden Underwriting’s subsidiary underwriting vehicle, Hampden Corporate Member Limited (“HCM”), trades within the Lloyd’s insurance market as a corporate member of Lloyd’s. An underwriting portfolio of £5.1m has been acquired for the 2008 Underwriting Account.

The portfolio provides a good spread of classes of business being concentrated in property insurance, reinsurance and motor business. In addition, in January 2008 Hampden Underwriting acquired a small corporate member which has capacity of £0.3m. 

HCM is advised by Hampden Agencies Limited (“HAL”). HAL is the largest provider of third party capital to the Lloyd’s market, with over £1.5 billion of advised capacity for the 2008 year of account, which the Directors believe gives it an influential voice in the Lloyd’s market as a whole. Nomina plc (“Nomina”) will provide administration and support services to the Group. 

Hampden Underwriting was incorporated and registered in England and Wales on 1 August 2006 under the Companies Act with registration number 05892671.

This information is disclosed in accordance with Rule 26 of the AIM Rules and was last updated on 17 November 2009.