Appointment of Chief Executive Officer

Helios Underwriting ('Helios' or the 'Company'), the only publicly traded investment vehicle offering access to a diverse portfolio of syndicates at Lloyd's, the world's largest insurance market, is pleased to announce the appointment of Louis Tucker as Chief Executive Officer. Subject to regulatory approval, it is anticipated that Louis will assume the role as CEO and join the Board in October.

Louis brings over two decades of experience across the Lloyd's Market, including a number of management level roles. He joins Helios from Arch Capital Group. In his role as Managing Director of Arch Managing Agency Ltd he was amongst other things responsible for managing the Lloyd's relationship and raising third-party capital.

Louis also has a strong track record managing and scaling businesses including Barbican Insurance Group which, alongside a small team of industry professional, he set up in 2007 and sold it to Arch Capital Group in 2019. Together with his strong investor relations experience, Louis is an excellent fit to lead Helios at this exciting inflection point.

Louis Tucker, Chief Executive Officer said:

"I am delighted to be joining Helios at such a pivotal and exciting time for both the Company and the wider insurance market. I have long admired Helios for not only its unique position of facilitating access to a market that has historically been difficult to enter but also its consistent track record of outperforming the Lloyd's market through excellent portfolio selection driven by sophisticated analytics and its depth of underwriting experience.

"I look forward to working with an exceptional board and talented team to build on this foundation and deliver on the Group's strategy for maximising shareholder return."

Interim Executive Board Chairman John Chambers said:

"We are delighted to welcome Louis to Helios Underwriting. Louis is an industry leader, with a strong entrepreneurial track record of scaling businesses and deep underwriting experience. This considerable experience and understanding of the Lloyd's market will be invaluable in strengthening the quality of our portfolio and positioning Helios through our next chapter.

"Louis' appointment continues to demonstrate our ability to attract top-level industry talent to Helios, and we look forward to working with him to build on Helios' unique proposition and continue delivering strong returns for our shareholders."