Lloyd’s-focussed investment company Helios Underwriting has announced the immediate appointment of Katherine Wade as an independent non-executive director.
Wade brings nearly three decades of experience in the financial sector, having held UK and international roles at both board and management levels.
The new board addition currently serves as chief financial officer at AEGIS London. Wade’s career also includes previous CFO positions at the likes of Aspen Insurance UK and ACE Tempest Re.
Additionally, she serves as a non-executive director for Atlas Corporation and is a member of the investment committee at the Council of Lloyd’s. Wade is also a fellow of the Institute of Chartered Accountants in England and Wales and holds positions within the Worshipful Company of Insurers, including chair of its charitable trust.
Michael Wade, executive chairman of Helios, commented: “I am delighted, on behalf of the board, to welcome Katie Wade as an independent non-executive director to Helios Underwriting Plc. Katie’s considerable experience, strong financial background, and charitable service will make a valuable addition to the company.
“As we broaden our board composition, our goal is to continue to introduce external experience and independent viewpoints.”
Wade further emphasised the company’s strong financial position: “The company continues to benefit from the exceptionally strong pipeline profits already earned during 2022 and 2023, and we are planning our 2025 portfolio, where we aim to attract more third-party capital to participate.
“Overall, our Lloyd’s syndicate portfolio looks set to generate attractive returns, given the outstanding performance of the Lloyd’s market, which underpins our confidence in the future performance of the business.”
Wade himself recently transitioned, from non-executive chairman to executive chair at Helios, following Martin Reith’s departure from the chief executive post.
“Martin has made a significant contribution to Helios and has been instrumental in developing the Helios spread syndicate portfolio, accelerating the performance of the company and growing our in-house management team,” Wade said in June.
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