Building a high quality portfolio at Lloyd’s
Helios focus on supporting the better managed 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 6.1% higher than the Lloyd’s average (last five closed years).
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
Capacity by Underwriting Year
£m
Net Tangible Asset Value per Share
(current estimate in pence)
Helios portfolio
Top ten holdings by Managing Agent (January 2023)
| Syndicate | Managing agent | Capacity £M | Helios portfolio % of total |
|---|---|---|---|
| 623 | Beazley | 27.5 | 9.3 |
| 510 | TMKS | 27.1 | 9.1 |
| 5886 | Blenheim (Asta) | 26.8 | 9.0 |
| 1729 | Dale (Asta) | 20.0 | 6.7 |
| 5623 | Beazley | 17.6 | 5.9 |
| 218 | ERS | 17.6 | 5.9 |
| 1985 | Flux | 16.9 | 5.7 |
| 609 | Atrium | 17.1 | 5.8 |
| 1988 | CFC | 15.0 | 5.1 |
| 33 | Hiscox | 14.4 | 4.9 |
| Subtotal | 200 | 67.4 | |
| Other | 96.7 | 32.6 | |
| Total Helios portfolio | 296.7 | 100 | |