REG - Helios Underwriting - Directorate Change

Helios UnderwritingAnnouncement

10/02/2025 07:00

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RNS Number : 4923W  Helios Underwriting Plc  10 February 2025

10 February 2025

Helios Underwriting PLC

 

("Helios" or the Company)

 

Directorate Change

Helios Underwriting, the only publicly traded company offering instant access
to a diverse portfolio of syndicates at Lloyd's of London, announces that
Michael Wade, Executive Chairman, has decided to step down from his role at
the end of February to continue developing his non-executive portfolio.

John Chambers, currently a Non-Executive Director will become Interim
Executive Chairman.

Since Michael joined Helios as Non-Executive Chairman in June 2023, he has
successfully guided the Company through a period of change and strong
performance.

Most recently as Executive Chairman, he oversaw the Group's portfolio
restructuring, materially reducing the Company's underwriting risk, gearing
and overall cost base for 2025. These strategic priorities will remain
unchanged under John Chambers.

John Chambers joined the Board of Helios as an Independent Non-Executive
Director in July 2024 and has extensive underwriting and executive experience
across the London Market. He was latterly Director of Underwriting at AEGIS
London where he 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.

John Chambers, Interim Executive Chairman commented:

"On behalf of the board, I thank Michael for his leadership and he leaves with
our best wishes. He has played a key role in Helios' strong growth and
successful restructuring, leaving the business well positioned for the future.
As we look ahead, I look forward to undertaking a search for a new Chief
Executive Officer. Helios remains committed to its long term strategy of
selecting the best-performing syndicates at Lloyd's to maximise returns for
investors."

Michael Wade commented:

"Serving on the Board of Helios has provided a unique perspective across the
whole Lloyd's Market. I leave Helios and its diverse portfolio of syndicates
delivering strong results and well positioned and wish John and the Board all
the best for the future."

 

Contact

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. The
portfolio provides a broad spread of business primarily participating in the
US and other international wholesale and reinsurance markets. For further
information please visit www.huwplc.com (http://www.huwplc.com/)

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