Helix launches island platform
Helix Underwriting Partners Ltd has started a Bermuda platform and entered its first agency agreement to underwrite middle market property insurance on behalf of QBE in Bermuda.
Helix was incorporated in December 2018 as the first multi-line, independent managing general agent in Bermuda.
Announcing its platform and agreement with QBE, it said it has received all necessary approvals to commence operations.
The company was founded by industry veterans Claude Lefebvre, Nicholas Lucking and Neville Weston.
In a statement, Helix said it develops distribution channels by combining best-in-class underwriting talent and technology, creating superior operating efficiencies and data transparency for its strategic partners.
Helix’s middle market property insurance targets risks with a total insurance value between $200 million and $2 billion. Helix has designed an excess and surplus market product, MM100F, to deploy 100 per cent of limit shared on excess of loss layers targeting soft occupancy business.
“Helix brings a new business operating model to the island,” Mr Lefebvre, Helix president, said. “The partnership with QBE is an ideal introduction to our offering; we are very pleased to have secured our first programme to underwrite our middle market property with such a prestigious carrier partner.”
Mr Lefebvre added: “We also have an active pipeline of new opportunities in front of us and look forward to more exciting partnerships throughout 2020.”
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