Helios Underwriting plc has named Louis Tucker as its next chief executive officer, with the appointment expected to take effect in October, subject to regulatory approval.
Tucker brings more than 20 years of experience in the Lloyd’s Market, with a strong track record in investor relations and strategic growth. He joins Helios from Arch Capital Group, where he served as managing director of Arch Managing Agency Ltd., overseeing the firm’s relationship with Lloyd’s and leading efforts to attract third-party capital.
Prior to that, Tucker founded Barbican Insurance Group in 2007, successfully building the business before its acquisition by Arch in 2019. Helios highlighted that his blend of entrepreneurial leadership and large-scale management experience will be a key asset in advancing the company’s growth strategy.
In a statement, Helios said Tucker’s expertise in investor relations would support its goal of maximising shareholder value. His appointment also aligns with the company’s ongoing focus on strengthening its market position and delivering sustainable returns.
Financial Momentum
Helios has reported robust results for 2024, underlining the company’s solid footing ahead of Tucker’s arrival. Net asset value rose 11% to £2.43 per share, while the board recommended a cash dividend of 10 pence per share—nearly double last year’s payout.
Profit before tax stood at £20.9 million, driven by disciplined capital allocation and a strategy favouring established, profitable syndicates. While capacity for 2025 has been slightly reduced, Helios remains confident in the resilience of its portfolio, projecting £40 million in underwriting profits from the 2023 year of account, to be received in 2026.
