Building a high quality portfolio at Lloyd’s

Helios focus on the acquisition of quality syndicates, with seven of the leading managing agents providing 77% of the portfolio in terms of syndicate participation.

The underwriting results of the Helios portfolio have consistently outperformed the Lloyd’s market average, with the average return being 5% 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 2019 (January 2019)
SyndicateManaging agentCapacity £’000Helios portfolio % of total
510Tokio Marine Kiln Syndicated Ltd9,35217.4
623Beazley Furlong Ltd8,03815
33Hiscox Syndicated Ltd6,68612.5
2791Managing Agent Partners5,2549.8
609Atrium Underwriters Ltd4,7788.9
218ERS Syndicate Management Ltd4,3688.1
6117Argo Managing Agency2,9055.4
Total Helios portfolio53,664100.0


Underwriting Year
Capacity at 1st January — £m18.120.528.132.641.0
Acquired since year commenced — £m19.515.826.921.715.9
Capacity at 31st December — £m37.636.355.054.356.9
Helios Retained Capacity — £m22.319.731.828.918.7
Increase in retained from Quota Share Commutation — £m3.3
Adjusted Retained Capacity — £m22.319.735.128.918.7
Proportion of Capacity Retained — £m59%54%64%53%33%

Adjusted net assetvalue per share


Dividend for the year

(pence per share)

Continue reading