Helix Underwriting Partners Ltd has entered into an equity investment agreement under which Arch Capital Holdings Ltd has become a minority shareholder in the Bermudian-based agency.

The company said the transaction solidified the strong trading relationship between Helix and Somers Re Ltd, which began in April 2021 with the launch of the excess casualty programme and expanded in January 2022 with the middle market property insurance programme.

Somers is a global specialty property and casualty insurance and reinsurance company in which Arch Reinsurance Ltd holds a minority investment.

Helix said it stood to benefit from the expanded strategic relationship with Arch and the insurance capacity provided by Somers.

It added that Helix was 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.

The company 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.

It said the Helix independent agency model built 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.