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.
|Syndicate||Managing agent||Capacity £’000||Helios portfolio % of total|
|510||Tokio Marine Kiln Syndicated Ltd||9,352||17.4|
|623||Beazley Furlong Ltd||8,038||15|
|33||Hiscox Syndicated Ltd||6,686||12.5|
|2791||Managing Agent Partners||5,254||9.8|
|609||Atrium Underwriters Ltd||4,778||8.9|
|218||ERS Syndicate Management Ltd||4,368||8.1|
|6117||Argo Managing Agency||2,905||5.4|
|Total Helios portfolio||53,664||100.0|
|Capacity at 1st January — £m||18.1||20.5||28.1||32.6||41.0|
|Acquired since year commenced — £m||19.5||15.8||26.9||21.7||15.9|
|Capacity at 31st December — £m||37.6||36.3||55.0||54.3||56.9|
|Helios Retained Capacity — £m||22.3||19.7||31.8||28.9||18.7|
|Increase in retained from Quota Share Commutation — £m||3.3|
|Adjusted Retained Capacity — £m||22.3||19.7||35.1||28.9||18.7|
|Proportion of Capacity Retained — £m||59%||54%||64%||53%||33%|