ILS Capital Further Broadens Investment Scope in New Partnership with Helios Underwriting
Hamilton, Bermuda - Commenting on its previously disclosed £20.8 million investment in Lloyd’s of London investment and underwriting vehicle Helios Underwriting (AIM: HUW), ILS Capital Management said today that this investment represents a key milestone in expanding the scope of the firm’s investments. It also announced that Tom Libassi, Managing Partner & Co-Founder of ILS Capital, will be joining the Helios Board of Directors as the company further expands its diversified portfolio of insurance risk with top performing Lloyd’s syndicates.
Mr. Libassi said, “We are delighted to partner with Helios’ outstanding investment team in what we see as an excellent opportunity to expand our presence in the Lloyd’s market in a thoughtful manner. In light of the current dynamics in the insurance market, Helios is uniquely positioned to capitalize on attractive pricing, successfully execute its growth plans, and build shareholder value. We look forward to a productive long-term relationship with Helios benefitting our investors.”
Helios, which focuses on growing a portfolio of top performing Lloyd’s syndicates through the acquisition of Limited Liability Vehicles (LLV’s), plans to use the new capital to fuel acceleration of its LLV acquisition strategy.
Helios is the only listed investment company offering investors growth and returns from exposure to Lloyd’s of London, which is uncorrelated to equity market cycles. Its portfolio has outperformed the Lloyd’s market every year since 2010.