Helix Underwriting Partners Bermuda has launched its London property offering, Helix International, which has been trading since the start of the year in partnership with PartnerRe Insurance Programs and provides capacity for direct and facultative property business within the London Market.
Helix explained that the London D&F program offers capacity of up to $5 million, on All Risk property coverage for a diverse client base, from small businesses to large corporations, with Total Insured Values exceeding $100 million.
According to the firm, coverage will be available through selective Wholesale and Retail relationships.
Nik Luking, Head of Worldwide Property and a founding partner of Helix, commented on the news, “Our expansion into the London market demonstrates our commitment to delivering a full suite of solutions across multiple access points for our clients.
“We are more than a capacity provider – we are addressing frustrations with restrictive underwriting and slow processes. Helix International, together with our existing platforms, will deliver comprehensive coverage and solutions by leveraging strong relationships, advanced data, and cutting-edge technology.”
James Robertson, Head of Property London at Helix, said, “Being part of an established managing agent with Helix’s respected leadership, and pairing that with world-class capacity from PartnerRe is highly exciting.
“The opportunity to start with a blank slate and be entrusted to build out the Helix International brand alongside one of the most respected insurance markets in the world who shares our vision for delivering exceptional solutions to brokers and clients is outstanding. We look forward to re-engaging with our trading partners and colleagues across the market.”
Joel Livingston, Head of Insurance Programs at PartnerRe, added, “This expansion underscores PartnerRe’s strategy of forging long-term alliances with partners that share our culture, values, and areas of expertise.
“Helix has consistently demonstrated underwriting excellence, and its distinctive approach to operating in high-risk, high-complexity markets across multiple classes makes this a perfect partnership.”
