Bermuda-domiciled independent, multi-line managing general agent, Helix Underwriting Partners Ltd., has expanded its specialist offering by launching a new Professional Lines unit, led by Matt Irvine as Chief Underwriting Officer (CUO).
Backed by Somers Re, the new Bermuda-based program offers a maximum line limit of $10 million.
The unit offering includes Directors’ & Officers’ Liability, Errors & Omissions, Employment Practices Liability, Wage & Hour, Transactional Liability, and Cyber covers. It complements the company’s middle-market Property Insurance and Excess and Casualty programs.
Irvine has over three decades of underwriting experience in London and Bermuda. Most recently, he spent 13 years at AXA XL, leading the insurer’s Bermuda Professional Lines business, expanding the product portfolio and growing the business book.
Nigel Mortimer, Managing Partner at Helix, commented, “We are delighted to make this announcement as Professional Lines has always been on our radar. The Bermuda insurance market has three pillars; Excess Property, Excess Casualty, and Excess Professional Lines. The launch of our new Professional Lines portfolio is the third critical pillar needed for Helix to better serve its clients and brokers comprehensively.
He added, “Attracting someone of Matt’s caliber to lead the Professional Lines program is a great win for Helix. After three decades in the industry, Matt has cultivated extensive broker relationships across the Bermuda wholesale market, the broader US retail market, and in London. Matt has spent more than 20 years in Bermuda and has built a strong reputation and deep connections with clients, risk managers, partners, and senior executives, reinforcing his position as a trusted leader in the market.”
Irvine added, “Joining Helix at this stage in the company’s evolution is going to be an exciting adventure. Helix has ambitious plans for growth, and I am keen to start building bench strength and expertise in the company’s dedicated Professional Lines team – a key part of Helix’s overall portfolio. This is an exciting opportunity to support our clients, and my focus will be to work strategically with brokers across Bermuda, the US, and the UK.”
Launched in 2020 by underwriting executives Claude Lefebvre, Nik Lucking, and Neville Weston, Helix has grown significantly since Mortimer and Hadler arrived in 2021.
Its existing portfolio includes a Property and Facultative book run by Lucking in Bermuda and an Excess Casualty program led by Hadler, who are now both Managing Partners at the company.
In December 2024, Helix launched a US platform, writing a portfolio of property business, and has ambitions to expand into the London market.
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