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1 Jul 2024 07:00
Helios Underwriting plc
("Helios" or the "Company")
1st July 2024
Appointment of Non-Executive Director
Helios Underwriting ('Helios' or the 'Company'), the only publicly traded investment company offering instant access to a diverse portfolio at Lloyd's of London, the world's largest insurance market, is pleased to announce the appointment to the Board of John Chambers as an Independent Non-Executive Director. John's appointment took effect after the Company's Annual General Meeting on 28th June 2024.
John previously worked at AEGIS London, where he was Director of Underwriting, and helped build the business from a fledgling syndicate into one of the largest and most profitable in the London Market. He brings considerable experience across all aspects of running a regulated insurer, from business planning through underwriting management to risk management, as well as financial and regulatory reporting.
Michael Wade, Executive Chairman of Helios, commented: "I am pleased to announce that John will be joining our Board as an Independent Non-Executive Director. He brings with him considerable experience of running a highly successful Lloyd's business. I'm looking forward to working closely with him as we seek to capitalise on excellent market conditions and maintain our status as the pre-eminent provider of private capital to the Lloyd's market."
John Chambers, added: "The Lloyd's market is highly regulated, financially robust, and uniquely positioned. Market conditions have never been better, with increased underwriting discipline and sustainable price increases expected to last for years. I'm excited to add my knowledge of the Lloyd's market to Helios' already highly experienced Board, as we help drive forward the strategy and actively manage a balanced portfolio of Lloyd's syndicate participations."
AIM Rule 17
The following disclosures are made in accordance with Schedule 2(g) of the AIM Rules for Companies:
John Edmond Chambers, aged 59, owns or has an interest in 560,000 ordinary shares in the Company. John Chambers' current and previous directorships are as follows:
Current Partnerships / Directorships | Previous Partnerships / Directorships (last 5 years) |
Dora Holdings Jersey Limited Fairburn Bistromathics Limited Fairburn Capital Limited Fairburn Continuation Limited TT Club Mutual Insurance Ltd Through Transport Mutual Insurance Association Limited
| AEGIS Managing Agency Limited St. Thomas More Catholic Primary School |
Save as disclosed above, there are no further disclosures to be made in accordance with Rule 17 or Schedule 2(g) of the AIM Rules for Companies.
For further information, please contact:
Helios Underwriting plc
Michael Wade - Chairman
Arthur Manners - Chief Financial Officer +44 (0)203 965 6441
Deutsche Numis (Nomad and Broker)
Giles Rolls / Charles Farquhar
+44 (0)20 7260 1000
FTI Consulting
Ed Berry / Nathan Hambrook-Skinner
+44 (0)7703 330 199 / +44 (0)7977 817 092
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 £507m of capacity for the 2024 account. The portfolio provides a good spread of business being concentrated in property & casualty insurance and reinsurance. For further information please visit www.huwplc.com.
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