Bermuda stalwarts launch $100m property capacity in London Market

Two Bermuda-based re/insurers have joined forces to introduce a $100 million direct and facultative property facility in the London Market, providing up to $5 million per risk for businesses ranging from SMEs to large corporates.

Helix International, an offshoot of MGA Helix Underwriting Partners, has been writing London property since the start of 2026 in partnership with reinsurer PartnerRe. 

The London D&F programme offers capacity of up to $5 million on all-risk property coverage for organisations anywhere from small businesses to large corporations, with total insured values exceeding $100 million. Coverage will be available through selective wholesale and retail relationships.

Nik Luking, head of worldwide property and a founding partner of Helix, said: “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, added: “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 being 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.” 

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