Helix USA, the wholly owned subsidiary of Bermuda-domiciled independent, multi-line managing general agent, Helix Underwriting Partners Ltd., has entered into a strategic partnership with QBE North America, a provider of commercial insurance solutions, to launch a Commercial SME property programme.
This partnership aims to expand Helix USA’s property capabilities in the market and add on to the existing programmes, thus completing the firm’s aim to provide property solutions across the full spectrum of commercial risk.
This new programme offers coverage for risks with total insured values ranging from $10 million to $30 million, which Helix USA explains is a traditionally underserved segment.
The program launches with up to $5 million in capacity on an Excess and Surplus (E&S) Lines basis, with plans to add ground-up capabilities in 2026.
It adds on to the company’s existing Middle Market Program, which offers coverage for assets with total insured value in the range of $30 million to $200 million, and Helix Bermuda’s large property capabilities, which insure assets worth $200 million to $3 billion.
Gregory Butler, Executive Vice President, Head of Property, Helix USA, commented, “We’re excited to partner with QBE on delivering highly-rated capacity to the SME segment and round out Helix’s capabilities in the property market.”
