StockMarketWire.com - Insurer Helios Underwriting said Monday net assets were set to receive a boost after the company increased the latest average prices of its capacity fund by 28% following the conclusion of Lloyds capacity auctions for 2018.

The latest average prices of the Helios Capacity Fund traded in 2018 had increased by 28% in comparison to last year, the company said.

This rise in the value of capacity would increase the company's adjusted net asset value as at 31 December 2017 by 24p to 184p.

Following the significant catastrophe losses of the year, the value of the syndicate capacity had recovered from the lows in 2017, Helios confirmed. Premium rates were expected to show further rises over the remainder of the year and in 2019, improving the prospects for profitable underwriting, it added.


At 8:50am: [LON:HUW] Helios Underwriting PLC share price was +7.5p at 125p



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