REG - Helios Underwriting - Appointment of Non-Executive Director

Helios UnderwritingAnnouncement

30/08/2024 07:00

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RNS Number : 2114C  Helios Underwriting Plc  30 August 2024

Helios Underwriting plc

("Helios" or the "Company")

30 August 2024

Appointment of Non-Executive Director

Helios Underwriting ('Helios' or the 'Company'), the investment vehicle which
builds shareholder value through participation at Lloyd's, the world's largest
insurance market, is pleased to announce the appointment to the Board of
Katharine Wade as an Independent Non-Executive Director, effective
immediately.

 

Katharine brings over 29 years of experience in financial markets, at Board
and management level roles within the UK and internationally. Katharine
currently serves as Chief Financial Officer at Aegis, the top quartile Lloyd's
syndicate, where she is responsible for strategy, capital raising and
financial controls. Katharine has also held CFO roles at the UK entities
within the Aspen Group (Aspen Insurance UK Limited and Aspen Managing Agency
Limited) and ACE Tempest Re.

 

Katharine's iNED experience includes being a non-executive director of Atlas
Corporation (listed on NYSE) and membership of the Investment Committee of the
Council of Lloyd's, where she monitors and oversees the Treasury and
Investment department and the performance of the Lloyd's Investment Platform.
She is also a fellow of the Institute of Chartered Accountants of England and
Wales, Chair of the Worshipful Company of Insurers Charitable trust, and Court
Assistant for the Worshipful Company of Insurers.

 

Executive Chairman Michael Wade comments: "I am delighted, on behalf of the
Board, to welcome Katie Wade as an Independent Non-Executive Director to
Helios Underwriting plc. Katie's considerable experience, strong financial
background and charitable service will make a valuable addition to the
Company. As we broaden our Board composition our goal is to continue to
introduce external experience and independent viewpoints.

 

"The Company continues to benefit from the exceptionally strong pipeline
profits already earned during 2022 and 2023 and we are planning our 2025
portfolio, where we aim to attract more third party capital to participate.
Overall, our Lloyd's syndicate portfolio looks set to generate attractive
returns, given the outstanding performance of the Lloyd's market, which
underpins our confidence in the future performance of the business."

 

AIM Rule 17

The following disclosures are made in accordance with Schedule 2(g) of the AIM
Rules for Companies:

 

Katharine Anne Wade (nee Kelsey), aged 51, holds no shares or interest in
Helios. Katharine's current and previous directorships are as follows:

 

 Current Partnerships / Directorships                  Previous Partnerships / Directorships (last 5 years)
 AEGIS Managing Agency Limited                         Atlas Corporation

 Scorpius Nutrition Limited                            Teddington School Trust

 The Worshipful Company of Insurers Charitable Trust

 

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 - Executive 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 £512m 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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