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Helios Underwriting PLC - investment vehicle, which provides shareholders with participation in the Lloyd’s insurance market - Chief Executive Officer Martin Reith resigns to pursue other opportunities. The company promotes Non-Executive Chair Michael Wade to the role of executive chair with immediate effect, as the company searches for a successor for Reith. Further, Executive Deputy Chair Nigel Hanbury is moved to non-executive deputy chair. Executive Chair Michael Wade says: ‘Martin has made a significant contribution to Helios and has been instrumental in developing the Helios spread syndicate portfolio.’
Current stock price: 186.00 pence each
12-month change: up 8.1%
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