Helix ready to begin underwriting middle market property insurance in Bermuda

Helix Underwriting Partners has received all necessary approvals to commence operations and has entered its first agency agreement to underwrite middle market property insurance on behalf of QBE in Bermuda.

Helix was founded by Claude Lefebvre, Nicholas Lucking and Neville Weston and has been incorporated as the first multi-line independent managing general agent in Bermuda. It develops distribution channels by combining high quality underwriting talent and technology, creating operating efficiencies and data transparency for its strategic partners.

The middle market property business targets risks with a total insurance value between $200 million and $2 billion. It 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.

Lefebvre, president of Helix, said the company had brought a new business operating model to the island, and highlighted an active pipeline of opportunities for the company. “The partnership with QBE is an ideal introduction to our offering,” he added.