Helios

The Lloyd’s investment business has cut expenses by 54% over the past six months.

Louis Tucker established and later sold Barbican Insurance to Arch in 2019.

The investment vehicle will publish its full results on 2 June.

Michael Wade, who joined Helios in 2023, led the group’s portfolio-restructuring exercise.

The reduction in capacity reflects “strategic adjustments”.

The company’s net asset value per share is expected to hit £2.06.

The vehicle’s GWP increased by 45% to £230mn over the period.

The Lloyd’s vehicle also announced Chambers as an independent non-executive director.

The Lloyd’s vehicle will focus on its existing spread portfolio.

The investment vehicle reported a profit before tax of £22.7mn.

The move follows work to create a capacity rental venture with members’ agent Argenta.

The appointment of additional non-executive directors is currently under consideration.

The investment vehicle saw an increase of 22% in the firm's NAV in 2023.

The executive has also worked for Lloyd’s and WTW.

The carrier recently launched a rental capacity initiative with Argenta Private Capital.

The MAPA will allow APCL clients to participate in a portfolio of syndicates without the need to own the underlying capacity.

The executive will retain her parallel role at Artificial Labs.

The company is undertaking the £1.5mn buyback while shares remain below net asset value.

The carrier booked an underwriting result of £11.7mn ($14.1mn) for the first six months of 2023, up from £3.3mn in the same period last year.

The underwriting vehicle increased its capacity for 2023 by 34% to £238mn.

Nigel Hanbury, who has been CEO since 2012, will move into the role of executive deputy chairman.

The capacity provider said market discipline remains strong and 2023 will offer superior returns.

The Lloyd’s capacity provider already raised gross proceeds of £12.5mn in a November share placing.

The Lloyd’s capacity provider raised the money as part of an accelerated book-build process.

The company attributed H1 losses to inflation, increasing reserves and capacity and £3.5mn of investment losses.

The capital provider believes the time is ripe to take on increased underwriting risk.

The company’s capacity doubled to £232.7mn for the year.

The Lloyd’s investment vehicle has also acquired three more limited-liability vehicles.

The Lloyd’s investment vehicle had raised £53mn in March to invest in further acquisitions of Nameco capacity.

The vehicle also booked an operating loss of £480,000 after a significant run of acquisitions.

The Lloyd’s capacity vehicle carried out a fundraise earlier this year to accelerate investment.

The limited liability vehicle consolidator, which has raised £75mn in capital in recent months, reinstates a dividend.

The Lloyd’s investment company has raised $53mn to finance more LLV acquisitions.

The syndicate has £110mn of capacity for 2021, with retained capacity nearly doubling to £58.7mn.

The previously announced fundraising plans will more than double its retained capacity to £50mn for 2021.

CEO Hanbury hails an “unprecedented opportunity” as prices rise.

The company is looking to increase its retained capacity and grow its fund with pre-emptions and acquisitions.

Fyshe Underwriting has more than £500,000 of Lloyd’s underwriting capacity for 2018.

AIM-listed carrier Helios Underwriting has increased its capacity by 26 percent to £41.0mn ($54.9mn) for 2018 due to expectations of higher rates

Helios Underwriting has acquired Inversanda, a limited liability member (LLV) of Lloyd's, for a cash consideration of £235,000 ($317,299)

Aim-listed Lloyd's carrier Helios Underwriting has agreed to acquire Nottus No 51, a limited liability member of Lloyd's, for £964,500 ($1.2mn) in cash

Helios Underwriting has acquired Lloyd's limited liability vehicle Charmac Underwriting Ltd for a cash consideration of £2.24mn ($2.8mn).

Aim-listed Lloyd's carrier Helios Underwriting has posted a final return on capacity of 15.5 percent for the 2014 year of account (YoA).

Aim-listed carrier Helios Underwriting has completed its £870,659 ($1.1mn) acquisition of Lloyd's limited liability vehicle Pooks, it announced this morning

Aim-listed carrier Helios Underwriting is to acquire Lloyd's limited liability vehicle Pooks for £870,659 ($1.1mn) in cash.

AIM-listed carrier Helios Underwriting has acquired Lloyd's limited liability vehicle (LLV) Salviscount Limited Liability Partnership for £800,000 ($1.02mn) in cash.

Aim-listed Helios Underwriting has upgraded its forecasts for the 2014 and 2015 years of account

AIM-listed Names-backed Lloyd's carrier Helios Underwriting has upgraded its profit forecasts for the 2014 and 2015 years of account.

AIM-listed Names-backed Lloyd's carrier Helios Underwriting has acquired additional capacity for its investors on the company's 2014 and 2015 underwriting portfolios

Helios Underwriting has acquired Lloyd's liability vehicle (LLV) Nameco (No 346) Limited for £3.75mn ($5.5mn) in cash, it announced today (31 May)

Names-backed Lloyd's carrier Helios Underwriting has appointed Arthur Manners as finance director, it announced today (11 April)

Names-backed Lloyd's carrier Helios Underwriting closed its 2013 year of account ahead of its forecasted range, with profits of 14.1 percent of capacity.

AIM-listed Lloyd's private capacity provider Helios Underwriting has acquired Devon Underwriting, a limited liability member of Lloyd's, for £1.1mn, it announced today (22 January).

Helios Underwriting has completed the acquisitions of Lloyd's limited liability vehicles Nameco (no 76) Ltd and Kempton Underwriting Ltd, the company announced today (28 August).

AIM-listed Lloyd's private capacity provider Helios Underwriting has announced an agreement in principle to buy two limited liability Lloyd's members for £2.4mn in Helios shares

London-listed Lloyd's investment vehicle Helios Underwriting has reported gross written premium of £17.1mn for the year to 31 December 2014, up 43 percent from 2013

Helios Underwriting is to acquire Nameco No 507, a limited liability member of Lloyd's, for a total consideration of £900,000, in its third such transaction in a fortnight

London-listed Lloyd's investment vehicle Helios Underwriting has acquired Updown Underwriting Limited, a limited liability member of Lloyd's, in its second such acquisition in as many weeks

London-listed Lloyd's investment vehicle Helios Underwriting has acquired Lloyd's limited liability Nameco No 402 for £800,000 in cash, the firm announced today (12 February).

Pre-tax profits fell by 67 percent in the first half of 2014 at Lloyd's Names vehicle Helios, as increased expenses more than wiped out the positive impact of rising revenues.