Helix Underwriting Partners launches Bermuda platform
Bermuda-based independent managing general agent Helix Underwriting Partners (Helix) is to underwrite middle market property insurance on behalf of QBE in Bermuda. It has received all necessary approvals to commence operations and has entered its first agency agreement.
Founded by industry veterans Claude Lefebvre, Nicholas Lucking and Neville Weston, Helix has been incorporated as the first multi-line independent managing general agent in Bermuda. Helix develops distribution channels by combining underwriting talent and technology, creating 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 percent of limit shared on excess of loss layers targeting soft occupancy business.
“Helix brings a new business operating model to the island,” said Helix president, Claude Lefebvre. “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.”
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