Helios Underwriting, the Lloyd’s of London investment and underwriting vehicle, is seeing attractive near-term opportunities as it continues to outperform the Lloyd’s market.
Helios acquires and consolidates private underwriting capacity at the specialist Lloyd’s of London insurance and reinsurance marketplace, and has recently announced current mid-point forecasts of its portfolio of syndicate capacity for the 2016 and 2017 years of account, based on Q4 2018 results.
“As the only listed consolidator of private capital at Lloyd’s, Helios offers a unique opportunity for growth and returns from exposure to the Lloyd’s market through targeted acquisitions of the better quality syndicates. Our strategy is bringing results, with returns on average 5.4% better than the Lloyd’s market itself,” said Helios Chief Executive Officer (CEO), Nigel Hanbury.
For 2016, the capacity position as at March 28th, 2019, stands at £55 million, with £35.1 million retained and £19.9 million reinsured. For this year of account, the mid-point forecast at 30th September 2018 is 5.51%, with a result / current mid-point forecast of 5.99%. This compares to a Lloyd’s market average of -2.86%, resulting in a Helios outperformance of 8.85%.
For 2017, the capacity position stands at £54.3 million, with £28.9 million retained and £25.4 million reinsured. For this year of account, the mid-point forecast at 30th September 2018 is -8.39%, with a result / current mid-point forecast of -9.53%. This compares to a Lloyd’s market average of -10.92%, resulting in a Helios outperformance of 1.39%.
“Looking ahead, the number of LLV’s for sale is increasing and we see attractive near-term opportunities to continue to build our core portfolio of capacity and achieve outperformance against the Lloyd’s market as whole. We look forward to the future with confidence,” said Hanbury.
