Tysers has secured a minority investment in Bermuda’s managing general underwriter, Helix Underwriting Partners. No details of the agreement have been disclosed.

The London-based firm was acquired by the Integro Group in June 2018 and was subsequently transferred into its wholesale division, which was renamed in July 2019.

Managing director of Tysers Bermuda, Richard Tomkins said: “In the latter half of 2019 we observed and had dialogue with Helix during its formation and realised they would be a great fit for our stated independent strategy”.

President of Helix Underwriting Partners, Claude Lefebvre added: “During our formation process, we reviewed capital propositions from several interested parties.

“Tysers emerged as an optimal strategic partner for Helix,” he explained. “Helix has collaborated closely with the Tysers management team throughout this process. We appreciate this strategic investment from Tysers and the additional access to capital as we fully launch Helix with our business partners.”

Earlier this month, Tysers completed its acquisition of Risk Transfer Group, the privately-owned principal parent company of specialist Lloyd’s broker, RFIB.

Share Story: