Lloyd’s underwriter sees higher claims on stop loss policies

Lloyd's of London

Helios Underwriting reported gross written premium for the six months to June of £11.9m, up from £10.2m a year earlier.

However, the Lloyd’s underwriter reported a pre-tax loss for the period of £252,000, compared with a profit of £196,000 the previous year.

Net insurance claims and loss adjustment expenses rose to £4.4m from £3.5m, and operating expenses rose to £3.0m from £2.7m.

Chairman Sir Michael Oliver said the AIM-listed insurer bought eight companies during the first half of the year, increasing its portfolio capacity by £6.3m in 2015 to date, an increase of 31%.

First-half results were hit by increased reinsurance expenditure on stop loss policies, he said.

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

Topics