Reinsurance News
Helios Underwriting
Helios Underwriting sees GWP rise 131% in 2022 despite loss of £1.3m
26th May 2023
Despite reporting a total comprehensive loss in 2022 of £1.3m, Helios Underwriting's retained capacity for the 2023 open underwriting year increased by 34% to £238m, as the firm states it is "well positioned to maximise the opportunities on offer in this disciplined market." Gross written premiums in 2022 increased by a ... Read the full article
Helios syndicate forecasts impacted by losses
4th April 2023
Helios Underwriting, the Lloyd’s of London investment and underwriting vehicle, has announced the current mid-point forecasts for its portfolio of syndicate capacity for the 2020 and 2021 years of account, based on 4th quarter 2022 estimates. The 2020 result showed an improvement over the midpoint forecasts as at 30th September 2022, ... Read the full article
Helios announces Martin Reith as CEO and Executive Director
4th April 2023
Helios Underwriting, the Lloyd’s investment vehicle that acquires and consolidates underwriting capacity, has announced the appointment of Martin Reith as an Executive Director of the company and as Chief Executive Officer (CEO) with immediate effect. Nigel Hanbury is to remain on the Board as Executive Deputy Chairman. Reith is an insurance ... Read the full article
Helios reports 39% increase in retained capacity
10th January 2023
Helios, the investment vehicle that acquires and consolidates underwriting capacity at Lloyds', has announced a 39% increase in its retained capacity for 2023. The company’s overall portfolio, including its capacity reinsured, increased to £296.6 million, adding more than 27% to the size of the portfolio since the 1st January 2022. This includes an increase in ... Read the full article
Helios Underwriting raises £0.24m in share offer
13th December 2022
Helios Underwriting has raised another £0.24m in funding through the open offer to qualifying shareholders of 152,568 open offer shares. The firm said that the open offer closed for applications on 9 December, with the firm receiving valid acceptances from qualifying shareholders in respect of the shares. It said that Arthur ... Read the full article
Helios Underwriting raises £12.5m in funding
24th November 2022
Helios Underwriting has raised £12.5m in funding through a new share placement. In a statement, it said that it had successfully raised proceeds through a placing of, and a subscription for, an aggregate of over eight million shares at £1.56 per share. The firm said that it also plans to raise ... Read the full article
Helios well placed ahead of ‘really hard’ market: Hanbury and Manners
25th October 2022
Despite a couple of headwinds, Helios increased its capacity portfolio to £233 million for the 2022 underwriting year, and management is confident about the prospects and future profitability of the firm ahead of further market hardening. In late September, Helios Underwriting, the Lloyd’s focused investment vehicle, reported a significant rise in ... Read the full article
Helios Underwriting reports loss after tax of £3.9m in H1 2022 results
29th September 2022
Lloyd's focused investment vehicle, Helios Underwriting, has released its unaudited results for H1 2022, saying that it saw gross written premiums (GWP) rise by 133% to £124m over the period. Elsewhere, the firm reported a loss after tax of £3.9m, a much-worse result than in H1 2021 when it reported a ... Read the full article
Market will have to “suck it and see” on cyber wordings: Helios’ Hanbury
5th September 2022
Nigel Hanbury, CEO of Helios Underwriting and Board member of Association of Lloyd’s Members, has said it will be a case of “suck it and see” when it comes to the new exclusions for state-backed cyber attacks recently laid out by Lloyd’s. In a public statement, the Lloyd’s investment and underwriting ... Read the full article
Helios reports improved mid-point forecasts
22nd August 2022
Helios Underwriting, the Lloyd’s of London investment and underwriting vehicle, has announced the current mid-point forecasts for its portfolio of syndicate capacity for the 2020 and 2021 years of account, based on second quarter 2022 estimates. The company, which acquires and consolidates private underwriting capacity at Lloyd’s, recorded an increased capacity ... Read the full article
Lloyd’s upswing set to continue strongly: Helios
14th June 2022
Helios Underwriting has reported global insurance rate increases of over 50% since 2017 and a more than 30% increase in Lloyd’s of London (Lloyd’s) premiums, which it says have set the stage for a sustained improvement in underwriting results. A FY21 results update by the Lloyd’s of London investment and underwriting ... Read the full article
Helios posts 2021 results
27th May 2022
Helios is reporting a is reporting increases in its capacity portfolio and comprehensive income in 2021, according to its latest results. The firm said that it had seen a 111% increase in capacity portfolio, rising from £110.3m in 2020 to £232.7m last year. At the same time it said total comprehensive ... Read the full article
Helios reports huge increase in capacity in 2022
23rd May 2022
Helios has increased its retained capacity in 2022 to £171.9m, up from £66.5m and £93.5m in 2020 and 2021. According to a statement from the firm, its reinsured capacity also rose significantly in this time, increased from £49.1m in 2020, to £51.5m in 2021, and to £60.8m this year. Nigel Hanbury, chief ... Read the full article
Helios reports improved syndicate forecasts
28th March 2022
Helios Underwriting, the Lloyd’s of London investment and underwriting vehicle, has announced the current mid-point forecasts for its portfolio of syndicate capacity for the 2019 and 2020 years of account, based on 4th quarter 2021 estimates. The company, which acquires and consolidates private underwriting capacity at Lloyd’s, recorded a capacity position ... Read the full article
Helios secures syndicate capacity of £3.6m through latest acquisitions
11th January 2022
Helios, an investment vehicle that acquires and consolidates underwriting capacity at the Lloyd’s re/insurance marketplace, has acquired a further three LLVs for a consideration of £2.4 million. These acquisitions follow Helios' acquisition of three LLVs back in December, and see the firm acquire syndicate capacity of £3.6 million. Additionally, Helios says ... Read the full article
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