Building a high quality portfolio at Lloyd’s

Helios focus on the acquisition of quality syndicates, with seven leading syndicates providing 54% of our current portfolio.

The underwriting results of the Helios portfolio have consistently outperformed the Lloyd’s market average, with the average return being 6% higher than the Lloyd’s average.

These incremental returns demonstrate the diversity and the breadth of underwriting expertise within the businesses comprising the portfolio of syndicate capacity.

The Helios Board benefits from deep familiarity and long-standing relationships within Lloyd’s.
Michael Cunningham
Non-executive Chariman

Helios portfolio

Top seven holdings by Managing Agent (January 2021)
SyndicateManaging agentCapacity £MHelios portfolio % of total
510Tokio Marine Kiln32.313.9
5886Blenheim Underwriting22.59.7
623Beazley Furlonge21.69.3
33Hiscox Syndicates13.85.9
609Atrium Underwriters12.15.2
4242Beat/Asta Managing Agency12.65.4
2010Lancashire10.14.4
Subtotal125.053.8
Other107.746.2
Total Helios portfolio232.7100

Capacity

Underwriting Year
2019202020212022
Capacity Position as at 1st Jan 202170.379.9110.3232.7
Retained31.330.858.7171.1
Reinsured39.049.151.561.6
Capacity acquired during 2021
Retained36.135.634.8
Reinsured0.00.00.0
Capacity Position as at 1st Dec 2021
Retained67.466.493.5
Reinsured39.049.151.5
Total106.4115.5145.0232.7

Adjusted net asset value per share

(current estimate in pence)

Dividend for the year

(pence per share)

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