Reinsurance News

Helix launches in Bermuda, secures first agency agreement with QBE

10th January 2020 - Author: Luke Gallin

Helix Underwriting Partners Ltd., the first multi-line independent Managing General Agent in Bermuda, has announced the receipt of all necessary approvals to begin operations.

HelixAt the same time, the company has announced that it has entered into its first agency agreement to underwrite Middle Market Property Insurance on behalf of insurer QBE in Bermuda.

Helix was founded by insurance and reinsurance industry veterans Claude Lefebvre, Nicholas Lucking and Neville Watson, and was incorporated in December 2018 in Bermuda. The firm develops distribution channels by bringing together best-in-class underwriting talent and technology, which it says creates superior operating efficiencies and data transparency for its strategic partners.

Currently, Helix offers a property program that focuses on individual risk business written on Excess and Surplus Lines basis. The company’s Middle Market Property Insurance targets risks that have a total insurance value of between USD 200 million and USD 2 billion. Helix states that it has designed an excess and surplus market product, MM100F, to deploy 100% of limit shared on excess of loss layers targeting soft occupancy business.

Helix President, Lefebvre, commented: “Helix brings a new business operating model to the island. The partnership with QBE is an ideal introduction to our offering; we are very pleased to have secured our first program to underwrite our Middle Market Property with such a prestigious carrier partner.

“We also have an active pipeline of new opportunities in front of us and look forward to more exciting partnerships throughout 2020.”

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
NI holdings completes acquisition of Westminster American Insurance

Insurance holding company NI Holdings, Inc. has completed its previously announced acquisition of Westminster American Insurance Company from private shareholders...