REG - Helios Underwriting - Directorate Change

Helios UnderwritingAnnouncement

01/07/2024 07:00

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RNS Number : 5464U  Helios Underwriting Plc  01 July 2024

Helios Underwriting plc

("Helios" or the "Company")

1(st) 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 28(th) 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                             AEGIS Managing Agency Limited

 Fairburn Bistromathics Limited                           St. Thomas More Catholic Primary School

 Fairburn Capital Limited

 Fairburn Continuation Limited

 TT Club Mutual Insurance Ltd

 Through Transport Mutual Insurance Association Limited

 

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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