Argenta Private Capital Limited (APCL), a Financial Conduct Authority-regulated adviser to Lloyd’s investors, has announced the launch of the 2025 round of the Starter Homes investment vehicles.
Starter Homes is a joint initiative with Helios Underwriting PLC, an AIM-listed company. It provides investors access to Lloyd’s through a rental fee model without requiring ownership of the underlying capacity.
The structure allows investors to allocate more capital to underwriting activities. Renting, rather than purchasing capacity, lowers the initial capital commitment required for new investors.
The arrangement with Helios enables Starter Home clients to invest in a portfolio of syndicates selected by Helios for a single Lloyd’s Year of Account (YoA), in this case, the 2025 YoA.
Investors gain access to diversified business classes without exposure to prior underwriting years. They can also incorporate any new syndicates launched in 2025 into their Starter Home and adjust their portfolio for 2026 and beyond.
The diversified Helios portfolio results in capital requirements starting at 21% in Year One and reaching 50% of capacity by Year Three.
Lloyd’s market conditions for the 2025 YoA remain favourable, and the Starter Home programme allows investors to commit capital until June 30 or later, subject to Helios’ agreement. The timetable removes the need to participate in the traditional Lloyd’s capacity auction process, which concludes in November each year, the company said.
“Returns at Lloyd’s continue to outperform global trends and most indices,” said Robert Flach, managing director of APCL. “At Argenta, our role is to provide an ever-broadening cohort of investors access to this unique opportunity.”
“Our Starter Home initiative with Helios was designed to do just that: broaden access to Lloyd’s to new investors. After the remarkable success of the first round, I am therefore pleased to announce the second iteration of the product.”
Kate Tongue, director of APCL, said that investing at Lloyd’s is a “highly attractive proposition” for clients with defined tax incentives.