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Heritage has new leading shareholder.
(From Lloyds List)
HERITAGE Underwriting Agency has a new leading shareholder, on Houston Casualty acquiring a 23% stake, writes James Brewer.
The shareholding in the Lloyd's managing agency was sold by investment company Perseverance and, said the Heritage board, would reinforce the independence of the Lloyd's business.
After Houston Casualty, the leading shareholders are Jim Hayes with 22.5% and Epic at 9.9%. Heritage management and employees account for 11%, with the remainder held by 1,400 other investors.
Houston ...
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