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Helios Underwriting PLC on Tuesday hailed ‘continuing strong financial performance’ as it announced a fall in total capacity, but emphasised that ‘the best years of this insurance cycle remain ahead of us’. The London-based investment vehicle that provides participation in the Lloyd’s of London insurance market said as at Friday, total capacity was down 5.4% to £490.9 million from £518.7 million a year ago. Retained capacity was 20% lower at £322.6 million from £403.5 million, however Reinsured capacity was up 37% at £158.3 million compared to £115.2 million. The company added that the current 2024 mid-point forecast has increased to 8.0% as of June 30, 2025, from 7.6% at March 31. The current 2024 mid-point forecast was upgraded over the same period to 15.6% from 15.2%. Looking ahead, Interim Executive Chair John Chambers said: ‘We believe that the best years of this insurance cycle remain ahead of us from a returns perspective. Our portfolio management team has worked to increase the quality of Helios’ syndicate portfolio, which will show through in future years. Meanwhile, the Lloyd’s three-year accounting structure provides the company with good visibility for the next two years, where we expect to see a similar level of capital returned to shareholders.’ Helios shares were down 2.0% at 210.67 pence each on Tuesday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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