Helix USA, a wholly owned subsidiary of Helix Underwriting Partners Ltd., Bermuda’s independent, multi-business managing general agent, has entered into a strategic partnership with QBE North America, a provider of commercial insurance solutions, to launch a commercial SME property program.
The partnership is designed to expand Helix USA’s real estate capabilities in the market and complement existing programs, thereby completing the company’s goal of providing real estate solutions covering the full range of business risks.
The new program offers risk coverage ranging from $10 million to $30 million in total sum insured, a segment that Helix USA explains is a traditionally underserved segment.
The program will launch with capacity of up to $5 million based on excess and surplus (E&S) lines, with plans to increase base capacity in 2026.
It complements the company’s existing middle market programs, which insure assets with a total insured value of $30 million to $200 million, as well as Helix Bermuda’s large property capabilities, which insure assets with a total insured value of $200 million to $3 billion.
Gregory Butler, executive vice president and head of real estate at Helix USA, commented: “We are pleased to partner with QBE to provide highly rated capacity to the small and medium-sized enterprise segment and complement Helix’s capabilities in the real estate market.”