Helix Enters Into Agreement With Arch Capital
Helix Underwriting Partners, announces they have “entered into an equity investment agreement under which Arch Capital Holdings has become a minority shareholder in the Bermuda-based agency.”
A spokesperson said, “The transaction further solidifies the strong trading relationship between Helix and Somers Re Ltd. [Somers], which began in April 2021 with the launch of the Excess Casualty program and expanded in January 2022 with the Middle Market Property Insurance program.
“Somers is a global specialty property and casualty insurance and reinsurance company in which Arch Reinsurance Ltd. holds a minority investment.
“Helix stands to benefit from the expanded strategic relationship with Arch and the insurance capacity provided by Somers. Helix is better positioned to continue pursuing strategic growth opportunities and broaden the insurance products offered through its agency platform.
“Helix was established in December 2018 as Bermuda’s first independent multi-line Managing General Agent. Helix has worked with multiple insurance carrier partners and blue-chip reinsurers, writing close to $200 million in gross premium and generating industry-leading underwriting results.
“The Helix independent agency model builds distribution channels by combining underwriting talent, product knowledge, and technology into a delivery platform, generating superior risk-adjusted returns for strategic partners.
“Helix has 11 employees and is led by the senior management team of Tim Hadler, Claude Lefebvre, Nicholas Lucking, and Nigel Mortimer.
“For more information, visit www.helixglobal.com.”
