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
Scorpius Nutrition
Limited
The Worshipful Company of Insurers
Charitable Trust
|
Atlas Corporation
Teddington School 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