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Pin to quick picksHelios Underw Share News (HUW)

Share Price Information for Helios Underw (HUW)

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Share Price: 165.00
Bid: 160.00
Ask: 170.00
Change: 0.00 (0.00%)
Spread: 10.00 (6.25%)
Open: 165.00
High: 165.00
Low: 165.00
Prev. Close: 165.00
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Broker snap: Lloyd's syndicates watching 'hurricane Earl'

Wed, 01st Sep 2010 11:49

Hurricane season is underway and a 120 miles per hour category four hurricane, 'hurricane Earl', could hit land in North America later this year. For once, it looks as if the Gulf of Mexico will not be affected but a number of Lloyd's syndicates will be monitoring its progress for fear it will hit the eastern seaboard of the USA.Research firm Equity Development said "there is a (very low probability) risk of it hitting New York or one of the other cities in New England and a significantly higher but far cheaper risk that it will hit Nova Scotia, by which time it may have fallen back to a Category 2 storm. It is also possible that it will hit the Carolinas, an area materially less 'expensive' for insurers," analyst John Borgars speculates. The Lloyd's syndicates most exposed to risk, according to Borgars, "are the three side-car syndicates 6103 (MAP), 6104 (Hiscox) and 6106 (Amlin)," all of which appeared to be "staggeringly profitable" in 2009.If hurricane Earl does make landfall then Equity Development will cool a little on the Lloyd's sector, even though it believes there are many constituents of it that are undervalued."It is obviously a case of watch and wait: the biggest financial impact, this side of the ocean, if Hurricane Earl hits land in the USA will be on the individual Names backing the sidecar syndicates, with a much smaller effect on shareholders in Amlin, Beazley, Chaucer, Hampden (it has provided a modest amount of capital to most of these syndicates) and Hiscox," the research firm said.
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Insurance group Helios Underwriting is set to acquire Dumasco, a limited liability member of Lloyd's (LLV) for £2.5m in cash. The acquisition is in line with the firm's strategy of increasing underwriting capacity through "acquiring corporate members as suitable opportunities arise". The underwri

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9 Jul 2014 07:46

Helios Underwriting To Acquire Dumasco Ltd In GBP2.5 Million Deal

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30 Jun 2014 09:59

Helios Moves To Release Capital With Reinsurance Arrangements

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23 May 2014 12:22

Helios Underwriting Pretax Profit Flat Despite Jump In Revenues

LONDON (Alliance News) - Helios Underwriting PLC Friday said its pretax profit was largely flat in 2013 as increases in the company's revenues were offset by higher overall expenses. However, it proposed its first final dividend. The company, which provides a limited liability direct

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2 May 2014 13:06

Helios Underwriting Acquires Limited Liability Vehicle

LONDON (Alliance News) - Helios Underwriting PLC Friday said it has agreed to acquire Nomina No 372 LLP, a limited liability vehicle of Lloyd's of London's in a deal worth GBP500,0000. Lloyd's is a specialist insurance market providing insurance services in over 200 countries and territorie

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28 Mar 2014 10:43

Helios Ups Underwriting Capacity Again

LONDON (Alliance News) - Helios Underwriting PLC Friday said it has further increased its underwriting capacity with the acquisition of Bernul Ltd, a limited liability member of Lloyd's of London, for GBP800,000. Bernul's 2014 underwriting capacity is GBP800,000. Prior to the acquisition, H

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28 Mar 2014 07:41

Helios Underwriting buys Bernul

Helios Underwriting has bought Bernul, a limited liability member of Lloyd's for 0.8m pounds in cash. The acquired assets include associated funds at Lloyd's to support its underwriting activities of £0.4m. Helios expects Bernul will be included in the company's collateralised quota share reinsura

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30 Jan 2014 14:30

DIRECTOR DEALINGS: Helios Underwriting Says Non-Executive Buys Shares

LONDON (Alliance News) - Helios Underwriting PLC Thursday said non-executive director Andrew Christie has bought 5,500 shares in the company at 158 pence each. The shares, which were bought on Wednesday, represent his entire holding in the company. The AIM-listed company enables inves

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20 Nov 2013 09:41

Hampden Underwriting To Change Name To Helios Underwriting

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20 Nov 2013 07:52

AIM IN BRIEF: Rangers FC Appoints Graham Wallace As CEO

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17 Oct 2013 09:07

Hampden Underwriting In New Acquisition To Boost Underwriting Capacity

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15 Oct 2013 08:40

Hampden Underwriting Increases Underwriting Capacity Through New Lloyd's Acquisitions

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