20th Aug 2021 19:30
Helios Underwriting PLC - London-based investment vehicle which acquires and consolidates underwriting capacity at Lloyd's - As at August 19, capacity portfolio for 2021 underwriting year stands at GBP110.3 million, compared to GBP80.0 million for 2020.
As a result, raises midpoint forecast for 2020 to 0.98% from 0.60%.
"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," said Chief Executive Nigel Hanbury.
Current stock price: 155.00 pence
Year-to-date change: up 18%
By Dayo Laniyan; [email protected]
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