14th May 2021 16:54
Helios Underwriting PLC - London-based investment vehicle which acquires and consolidates underwriting capacity at Lloyd's - As at May 12, capacity portfolio for 2021 underwriting year stands at GBP110.3 million, compared to GBP80.0 million for 2020.
"We provide sustainable returns for shareholders through exposure to targeted acquisitions of the capacity of these high quality syndicates, and our strategy is bringing results, with returns on average 4.7% better than the Lloyd's market itself over recent years, having outperformed the Lloyd's market every year since 2013 without exception," says Chief Executive Nigel Hanbury.
"Following our recent successful fundraising, we are pursuing opportunities to further build our core portfolio of capacity, to increase the capacity retained by Helios and continue to achieve outperformance against the Lloyd's market as whole," Hanbury adds.
Current stock price: 168.00 pence
Year-to-date change: up 28%
By Dayo Laniyan; [email protected]
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