Helix Underwriting Companions Ltd., the Bermuda-based managing common agent (MGA), has launched an expert strains program with a most line restrict of $10 million.
Backed by Somers Re, the Bermuda-based program is writing a portfolio {of professional} legal responsibility merchandise and is being led by Matt Irvine, who joins Helix as chief underwriting officer – Skilled Traces.
The skilled strains providing contains: administrators’ & officers’ legal responsibility, errors & omissions, employment practices legal responsibility, wage & hour, transactional legal responsibility, and cyber covers.
Irvine joins Helix from AXA XL and has over 30 years of underwriting expertise in each London and Bermuda. At AXA XL, Irvine spent 13 years main the insurer’s Bermuda skilled strains enterprise, increasing the product portfolio and rising the e book of enterprise.
This new providing enhances the corporate’s middle-market property insurance coverage and extra and casualty packages, Helix stated.
“We’re delighted to make this announcement as skilled strains has all the time been on our radar,” commented Nigel Mortimer, managing companion at Helix.
“The Bermuda insurance coverage market has three pillars: extra property, extra casualty, and extra skilled strains. The launch of our new skilled strains portfolio is the third important pillar wanted for Helix to higher serve its purchasers and brokers comprehensively,” he added.
“Attracting somebody of Matt’s caliber to steer the skilled strains program is a superb win for Helix,” Mortimer stated.
“After three many years within the trade, Matt has cultivated intensive dealer relationships throughout the Bermuda wholesale market, the broader US retail market, and in London. Matt has spent greater than 20 years in Bermuda and has constructed a robust fame and deep connections with purchasers, danger managers, companions, and senior executives, reinforcing his place as a trusted chief available in the market,” he continued.
Helix Underwriting Companions was included in December 2018 as the primary multiline, impartial, managing common agent in Bermuda. Launched by main underwriting executives Claude Lefebvre, Nik Lucking, and Neville Weston, Helix’s present portfolio features a property and facultative e book and an extra casualty program. Helix affords a collection of specialist danger packages, together with property, casualty extra and surplus, and monetary strains.
In December 2024, Helix launched a US platform writing a portfolio of property enterprise. The corporate stated it has ambitions to develop into the London market.
Supply: Helix Underwriting Companions
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