22nd Aug 2022 12:13
Helios Underwriting PLC - London-based investment vehicle which acquires and consolidates underwriting capacity at Lloyd's - As at August 18, its capacity portfolio for the 2022 underwriting year stands at GBP232.7 million, 60% higher than GBP145.0 million for 2021.
As a result, it raises its midpoint forecast for 2021 to 2.40% from 1.90% and for 2020 to 1.84% from 1.01%.
"We remain confident that we shall deliver improved results when compared to the Lloyd's market as a whole, and we look forward to creating further shareholder value as the benefits of the larger retained capacity flows through to the income statement, says Chief Executive Nigel Hanbury, while recognising "a harder market".
Current stock price: 148.00 pence
12 month change: down 6%
By Tom Budszus; [email protected]
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