Helix Underwriting Partners Bermuda has launched its London property product, Helix International, which has been trading in partnership with PartnerRe Insurance Programs since the start of the year and provides capabilities for both direct and interim property business within the London market.
Helix explained that the London D&F program offers all-risk property insurance up to $5 million, with a total insured value in excess of $100 million, to a diverse customer base ranging from small businesses to large corporations.
According to the company, coverage will be provided through selective wholesale and retail relationships.
Nik Luking, global head of real estate and founding partner at Helix, commented on the news: “Our expansion into the London market demonstrates our commitment to providing clients with a full suite of solutions across multiple access points.
“We are more than just a capacity provider, we are solving the pain of underwriting constraints and slow processes. Together with our existing platform, Helix International will leverage strong relationships, advanced data and cutting-edge technology to deliver comprehensive coverage and solutions.”
James Robertson, head of real estate at Helix London, said: “It’s exciting to be part of a managing agency with Helix’s respected leadership and combine it with PartnerRe’s world-class capabilities.
“The opportunity to start from scratch and be entrusted with building the Helix International brand with one of the world’s most respected insurance marketplaces, who share our vision of delivering outstanding solutions to brokers and clients, is a rare one. We look forward to re-engaging with trade partners and colleagues across the marketplace.”
Joel Livingston, Director of Insurance Programs at PartnerRe, added: “This expansion underscores PartnerRe’s strategy of building long-term alliances with partners who share a common culture, values and expertise.
“Helix has consistently demonstrated underwriting excellence and its unique approach to operating in high-risk, high-complexity markets across multiple categories makes the two parties a perfect partnership.”
