– UK, Great Missenden – Helios Underwriting plc (LON: HUW), the investment vehicle which builds shareholder value through exposure to Lloyd’s, announced the appointment of Michael Wade as Chairman of the Board of Directors, effective today, succeeding Michael Cunningham, who has retired from the Company.
About Michael Wade
Michael Wade has had an extensive career at Lloyd’s, working across broking, underwriting, capital markets, and insurance-linked securities. Michael formed one of the first Lloyd’s corporate capital vehicles in 1993, CLM Insurance Fund plc, and later acted for UK pension funds via Rostrum Group, investing in listed Lloyd’s firms. He has served on the Council and Committee of Lloyd’s and was formerly a senior adviser to the Cabinet Office. Michael is also a Non-Executive Chairman of Howden Tiger Capital Markets UK and a senior advisor to Mitsui Sumitomo Insurance.
Michael Wade said: “I am delighted to be joining Helios as Chairman at this exciting juncture of the Company’s journey, and I look forward to working closely with the team. Helios should continue to benefit from London’s strong trading environment with firm insurance rates and opportunities for the Company to grow.”
About Helios
Helios provides a limited liability direct investment into Lloyd’s insurance market and is quoted on the London Stock Exchange’s AIM market (HUW). Helios trades within Lloyd’s insurance market, writing approximately £297m of capacity for the 2023 account. The portfolio provides a good spread of business concentrated in property & casualty insurance and reinsurance.
Source: https://www.huwplc.com/
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