Building a high quality portfolio at Lloyd’s
Helios focus on the acquisition of quality syndicates, with seven leading syndicates providing 66% of our current portfolio.
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 2021)
| Syndicate | Managing agent | Capacity £M | Helios portfolio % of total |
|---|---|---|---|
| 510 | Tokio Marine Kiln Syndicated Ltd | 16.8 | 15 |
| 623 | Beazley Furlong Ltd | 13 | 12 |
| 5886 | Blenheim/Asta Managing Agency | 11 | 10 |
| 33 | Hiscox Syndicated Ltd | 8.7 | 8 |
| 2010 | Lancashire | 8.1 | 7 |
| 4242 | Beat/Asta Managing Agency | 8 | 7 |
| 609 | Atrium Underwriters | 6.8 | 6 |
| Subtotal | 72.4 | 66 | |
| Other | 37.9 | 34 | |
| Total Helios portfolio | 110.3 | 100.0 | |
Capacity
| Underwriting Year | |||
|---|---|---|---|
| 2018 | 2019 | 2020 | |
| Capacity Position as at 1st Jan 2020 | 64.5 | 61.1 | 69.1 |
| Retained | 26.6 | 22.1 | 20.7 |
| Reinsured | 38.2 | 39.0 | 48.4 |
| Capacity acquired during 2020 | |||
| Retained | 9.8 | 9.2 | 10.1 |
| Reinsured | 0.0 | 0.0 | 0.8 |
| Capacity Position as at 1st Dec 2020 | |||
| Retained | 36.1 | 31.3 | 30.9 |
| Reinsured | 38.2 | 39.0 | 49.1 |
| Total | 74.3 | 70.3 | 80 |
| 2021 Underwriting Year of Account | |||
|---|---|---|---|
| Retained | Reinsured | Total | |
| Capacity Position as at 1st Jan 2021 | 58.7 | 51.5 | 110.3 |
| Capacity Position as at 1st Jan 2020 | 20.7 | 48.4 | 69.1 |
| % Increase | 183 | 7 | 60 |