We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Helios Underwriting Plc | LSE:HUW | London | Ordinary Share | GB00B23XLS45 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 12.50 | 8.06% | 167.50 | 165.00 | 170.00 | 167.50 | 155.00 | 155.00 | 17,928 | 15:26:08 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Insurance Carriers, Nec | 148.35M | -3.32M | -0.0434 | -38.59 | 128.09M |
From Apr 2019 to Apr 2024
TIDMHUW
RNS Number : 8833Q
Helios Underwriting Plc
05 December 2016
5 December 2016
Helios Underwriting plc
("Helios" or the "Company")
2017 Underwriting Year Capacity
Helios is pleased to announce the capacity for 2017 underwriting year has been agreed at GBP32.6m including the capacity to be acquired with Salviscount LLP. We have continued our policy of focussing on the quality syndicates and capacity on weaker syndicates owned by LLV's acquired during the year was sold in the recent capacity auctions.
Hot Features
Premium
Helios Capacity
as at 1(st)
December 2016
-------------------- ------ ------ ------ ----
Underwriting 2014 2015 2016 2017
Year
-------------------- ------ ------ ------ ----
GBPm GBPm GBPm GBPm
-------------------- ------ ------ ------ ----
Retained 20.7 16.1 10.8 9.8
-------------------- ------ ------ ------ ----
Reinsured 14.8 16.2 22.9 22.8
-------------------- ------ ------ ------ ----
Total Capacity 35.5 32.2 33.7 32.6
-------------------- ------ ------ ------ ----
% of Total
Capacity Retained 58.2% 49.8% 32.1% 30%
-------------------- ------ ------ ------ ----
Helios will continue to reinsure 70% of the portfolio at the outset of the underwriting year to reduce "on-risk" exposures. The panel of reinsurers used will remain unchanged and on similar terms to previous years.
Following the capacity auctions that were held during November 2016, the average price of capacity of the Helios portfolio has increased by 9% to 45.7p per GBP of capacity. This reflects the improvement in the quality of the portfolio of the underlying syndicates rather than reflecting any movement in average values achieved at the auction.
Following the issue of shares from the Placing and Open Offer in September 2016, the capacity value per share has reduced to 102p per share.
Underwriting Year 2017 2016 ----------------------- ------- ------- As at Dec-16 Dec-15 ----------------------- ------- ------- Capacity at 1st Jan - GBPm 32.6 28.1 ----------------------- ------- ------- Capacity Value - GBPm 14.9 11.8 ----------------------- ------- ------- Average price per GBP of capacity 45.7 41.9 ----------------------- ------- ------- Number of shares in issue (m) 14.6 10.5 ----------------------- ------- ------- Capacity value per share - pence 102.2 112.1 ----------------------- ------- -------
The quality of the portfolio has been improved with the top 9 syndicate participations comprising over 80% of the capacity portfolio. These syndicates are managed by the leading managing agents at Lloyd's and represent shares in the better managed businesses in Lloyd's.
For further information please contact:
Helios Nigel Hanbury - Chief Executive 020 7863 6655 / nigel.hanbury@huwplc.com Arthur Manners 07754 965 917 Stockdale Robert Finlay 020 7601 6100
About Helios
Helios provides a limited liability direct investment into the Lloyd's insurance market and is quoted on the London Stock Exchange's AIM market (ticker: HUW). Helios trades within the Lloyd's insurance market writing approximately GBP34 million of capacity for the 2016 account. The portfolio provides a good spread of classes of business being concentrated in property insurance and reinsurance. For further information please visit www.huwplc.com.
Additional Information
Set out below are details of Helios' syndicate participations for the 2017 underwriting year:
Helios Underwriting - Analysis of Portfolio - 2017
Syndicate Managing Helios 2017 % of Capacity Value % of the value
Agent Capacity Helios of 2017 Portfolio of the portfolio
(GBP'000s) 2017 - (GBP'000s)
portfolio
Tokio Marine
Kiln
Syndicates
510 Ltd 5,522 16.9% 1,524 10.2%
Beazley
Furlonge
623 Ltd 4,781 14.7% 3,907 26.2%
Managing
Agency
2791 Partners Ltd 3,906 12.0% 1,893 12.7%
Hiscox
Syndicates
33 Ltd 3,299 10.1% 2,487 16.7%
Atrium
Underwriters
609 Ltd 3,186 9.8% 2,095 14.0%
Ariel Re /
Asta
Managing
6117 Agency 2,495 7.6% - -
ERS
Syndicate
Management
218 Ltd 1,791 5.5% 151 1.0%
727 S.A. Meacock 979 3.0% 826 5.5%
Chaucer
Syndicates
1176 - Nuclear 604 1.9% 1,474 9.9%
26,563 81.4% 14,355 96.2%
============ =========== =================================== ====================================
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCTTBRTMBJMBRF
(END) Dow Jones Newswires
December 05, 2016 02:47 ET (07:47 GMT)
1 Year Helios Underwriting Chart |
1 Month Helios Underwriting Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
