MGA expands direct and facultative property offering to London market

MGA Helix Underwriting has launched a new London property offering.

Made in partnership with PartnerRe Insurance Programs, the Helix International offering provides capacity for direct and facultative property within the London market.

Nik Luking, head of worldwide property at Helix Underwriting said: “Our expansion into the London market demonstrates our commitment to delivering a full suite of solutions across multiple access points for our clients.

”We are more than a capacity provider – we are addressing frustrations with restrictive underwriting and slow processes. Helix International, together with our existing platforms, will deliver comprehensive coverage and solutions by leveraging strong relationships, advanced data and cutting-edge technology.”

What will it offer?

The London direct and facultative programme offers capacity of up to $5m (£3.7m) on all risk property coverage.

Serving a diverse client base ranging from small businesses to large corporations, it offers capacity for total insured values exceeding $100m (£73.2m)

James Robertson, head of property in London at Helix Underwriting, said: “Being part of an established managing agent with Helix’s respected leadership and pairing that with world-class capacity from PartnerRe is highly exciting.

”The opportunity to start with a blank slate and being entrusted to build out the Helix International brand alongside one of the most respected insurance markets in the world, who shares our vision for delivering exceptional solutions to brokers and clients, is outstanding. We look forward to re-engaging with our trading partners and colleagues across the market.”

Joel Livingston, head of insurance programmes at PartnerRe, added: “This expansion underscores PartnerRe’s strategy of forging long-term alliances with partners that share our culture, values and areas of expertise.

”Helix has consistently demonstrated underwriting excellence and its distinctive approach to operating in high-risk, high-complexity markets across multiple classes makes this a perfect partnership.”