lloyd’s of london

Helios Underwriting PLC (Helios), the AIM listed Lloyd’s focused insurance and reinsurance investment company, has increased its forecast for capacity for 2024 to £501 million, helped by its recently announced third-party capital arrangement which its CEO terms a sidecar for the company.

Argenta Private Capital Limited (APCL), an FCA regulated adviser to investors in the Lloyd’s insurance and reinsurance market, has teamed up with Helios Underwriting PLC (Helios), an AIM listed investment company, on a unique, curated structure for investors to access the returns of the Lloyd’s of London market.

Lloyd’s has issued revised guidance for members and members agents on Tier 2 capital limits, which encompasses the use of letters of credit (LOC) in the marketplace and in it has stressed how important it is that LOC’s have their validity confirmed on a regular basis.

The Chief Financial Officer (CFO) of the specialist Lloyd’s insurance and reinsurance marketplace, Burkhard Keese, called on the industry to be more diligent in light of the ongoing fraudulent LOC issue surrounding insurtech Vesttoo.

Nephila Syndicate 2358, the specialty lines focused syndicate at Lloyd’s operated by insurance-linked securities (ILS) investment manager Nephila Capital, is one of the partners to and beneficiaries of global specialty insurer Mosaic’s syndicated capital program.

While the Lloyd’s of London insurance and reinsurance marketplace has been advancing an innovation and modernisation agenda in recent years, broker Aon believes the market’s insurance-linked securities (ILS) ambitions could help it harness the progress its made.

London headquartered specialty insurance and reinsurance firm Beazley is moving its ESG consortium out of the Lloyd’s Syndicate In A Box (SIAB) framework to sit under its third-party capital backed Smart Tracker syndicate 5623.

Helios Underwriting, the Lloyd’s of London focused investment and underwriting vehicle that counts some insurance-linked securities (ILS) market sources among its capital backers, has named Michael Wade as its new Chairman.

Amwins Global Risks, the international arm of insurance origination and distribution specialist Amwins, has launched a new follow-form facility with lead capacity backing from Beazley’s third-party capital backed Smart Tracker syndicate 5623 at Lloyd’s.

Helios Underwriting, the Lloyd’s of London focused investment and underwriting vehicle that counts some insurance-linked securities (ILS) market sources among its capital backers, is aiming to expand its business through the rest of this year, with more third-party capital targeted to support the build out of its portfolio.