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Helios Underwriting PLC Ord10P (HUW)

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28-May-2021 08:10 AM

Helios Underwriting profit slumps amid poor underwriting conditions, pandemic impact

Underwriting group Helios Underwriting reported a slump in annual profit as performance was hurt by poor underwriting conditions and the impact of Covid-19. For the year ended 31 December 2020, pre-tax profit was fell to £301,00 from £4.1 m
27-Sep-2019 09:27 AM

Helios Underwriting sees profits rise as company benefits from lower than average loss activity

Profits at Helios rose to £0.65m from £0.18m due to a lower than average loss activity which the company benefited from, as reported in its interim results for the period ending June 30 2019. Adjusted Net Asset Value per share increased to &p
31-May-2019 08:02 AM

Helios swings to profit as acquisitions boost capacity portfolio

Underwriter Helios swung to a profit as acquisitions made last year led to jump in its capacity portfolio. For the 12 months to 31 December, the company reported a pre-tax profit of £0.61m from a loss of £0.41m a year earlier and adjusted
28-Sep-2018 09:44 AM

Helios profits sink despite uptick in gross written premiums

Underwriter Helios reported Friday a slump in first-half profits amid subdued revenue growth despite an increase in gross written premiums. For the six months to 30 June, pre-tax profit fell to £0.24m from £0.37m and revenues fell to £1
25-May-2018 09:34 AM

Helios losses shrink as gross premium written rises

Underwriter Helios said gross premium written increased to £34.7m in the year to the end of December, from £31.3m the previous year as losses shrunk. Losses before impairment, goodwill and tax for the year narrowed to £0.41m, from a los
08-Dec-2017 09:35 AM

Duke of Norfolk to join Helios board

Helios Underwriting has appointed Edward Fitzalan-Howard, Duke of Norfolk, as a non-executive director with effect from 1 Jan. He was educated at Oxford and in 1979 he set up an energy company, Sigas, which he sold in 1988 before starting Parkwood, a wa
29-Nov-2017 09:03 AM

Helios capacity increased

Helios Underwriting said the capacity for the 2018 year of account would commence at £41m, an increase of 26% over opening capacity for 2017 year of account. It said the quality of the portfolio had been improved, with Helios taking up all the
21-Nov-2017 09:39 AM

Helios acquires Chapman Underwriting

Helios Underwriting has acquired Chapman Underwriting Limited, a limited liability member of Lloyd's, for £540,000 in cash. The 2017 underwriting capacity of Chapman is £670,000 (this compares with Helios's 2017 capacity of £3
26-Sep-2017 07:57 AM

Helios to acquire Inversanda

Helios Underwriting has agreed to acquire Inversanda LLP, a limited liability member of Lloyd's, for £235,000 in cash. Helios said the 2017 underwriting capacity of Inversanda was £616,211. Helios said this compared with its 2017 capaci
11-Aug-2017 09:15 AM

Helios gives syndicate mid-point forecasts

Helios Underwriting has announced the current mid-point forecasts in respect of its portfolio of syndicate capacity for the 2015 and 2016 years of account based on second quarter 2017 results. Helios said the current mid-point forecast was 10.82% for 201
09-Jun-2017 07:24 AM

Helios acquires Lloyd's limited liability vehicle

Helios Underwriting has agreed to acquire Nottus No 51 Limited, a limited liability member of Lloyd's, for £964,500 in cash. Helios said the 2017 underwriting capacity of Nottus was approximately £669,000 (this compares with Helios&apos
30-May-2017 07:24 AM

Helios profits up 77%

Helios Underwriting's gross premium written in the year to the end of December rose to £31.3m - up from £21.5m in 2015. Profits before impairment, goodwill and tax for the year totalled £1,334,000 - 77% up on last time. Other hi
04-Apr-2017 07:54 AM

Helios Underwriting acquires Charmac

Helios Underwriting has acquired Charmac Underwriting Limited, a limited liability member of Lloyd's, for £2.24m in cash. This acquisition was completed yesterday following approval by Lloyd's of London of the change of control of Charm
22-Dec-2016 07:43 AM

Helios to acquire Pooks

Helios Underwriting has conditionally agreed to acquire Pooks Limited, a limited liability member of Lloyd's which is ultimately beneficially owned by Nigel Hanbury, for a consideration of £870,659 in cash. As a result of Hanbury's indir
31-May-2016 09:48 AM

Helios profits fall as it reduces risk profile

Helios Underwriting premium written rose to GBP21.5m in the year to the end of December (2014: GBP17.1m). Helios has been reducing its exposure to the underwriting risk on the portfolio for the last two years and this reduction is reflected in the reduc
11-Apr-2016 07:52 AM

HUW appoints finance director

Helios Underwriting has appointed Arthur Manners as finance director with immediate effect. Manners has over 20 years' experience in the insurance industry and has, since June 2015, been acting as a consultant to the company. The role at HUW wi
24-Mar-2016 08:43 AM

HUW changes registered office

Helios Underwriting's registered office address has changed to: 5th Floor, 40 Gracechurch Street, London EC3V 0BT. At 8:43am: (LON:HUW) Helios Underwriting PLC share price was 0p at 183p Story provided by StockMarketWire.com...
22-Jan-2016 07:40 AM

HUW acquires Lloyd's LLV

Helios Underwriting has acquired Devon Underwriting Limited, a limited liability member of Lloyd's, for GBP1.1 million in cash. The 2016 underwriting capacity of the LLV is GBP1.2 million (this compares with HUW's 2016 capacity of GBP28.1 mil
28-Aug-2015 08:22 AM

HUW completes acquisition of Lloyd's LLVs

Helios Underwriting has completed the acquisition of Lloyd's limited liability vehicles Nameco (No 76) Limited and Kempton Underwriting Limited. Application will be made for the 1,454,536 new ordinary shares in the company issued as consideration fo
03-Aug-2015 07:38 AM

HUW acquires Lloyd's LLVs

Helios Underwriting has agreed to acquire Nameco (No 76) Limited and Kempton Underwriting Limited, limited liability members of Lloyd's, for a total consideration of 1,454,536 new ordinary shares in the company. The agreed aggregate price of the
15-Jul-2015 08:22 AM

HUW to acquire Lloyd's LLVs

Helios Underwriting has agreed in principle to acquire Nameco (No 76) Limited and Kempton Underwriting Limited, limited liability members of Lloyd's, for a total consideration of 1,454,535 new ordinary shares in the company. The agreed aggregate p
26-May-2015 08:20 AM

Helios Underwriting after-tax profits up 43%

Helios Underwriting posts after-tax profits of £1,043,000 for the year to the end of December - 43% up on last time. Gross premium written increased by 43% to £17.1m but operating profits fell by 4% to £1,230,000. The company said the fall in operat
17-Mar-2015 09:16 AM

HUW increases syndicate profit forecasts

Helios Underwriting has increased its syndicate profit forecasts for the 2012 closed year of account and the 2013 open year of account. The current mid-point profit forecast for the 2012 closed year of account is £3.1m (13.16%) - up from the previous fo
13-Mar-2015 04:15 PM

HUW completes Updown acquisition

Helios Underwriting has completed the acquisition of Updown Underwriting, a Lloyd's limited liability vehicle. Story provided by StockMarketWire.com...
20-Feb-2015 04:26 PM

HUW completes acquisition of Lloyd's LLV

Helios Underwriting has completed its acquisition of Lloyd's limited liability vehicle Nameco (No 402) Limited. At 4:26pm: (LON:HUW) Helios Underwriting PLC share price was +7.5p at 157.5p Story provided by StockMarketWire.com...

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