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Wellington Underwriting appoints senior property underwriter

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Wellington Underwriting says Peter Gibb has joined as Senior Property Underwriter based in Brisbane as the agency seeks to build its business in the sector.

Mr Gibb was most recently with Vero, holding the role of Senior Technical Specialist Property, according to his LinkedIn account. He joined Vero in August 2010 as Senior Property Underwriter and before this, he was Property Underwriter with Liberty International Underwriters.

“Wellington started as a specialist liability underwriter specialising in the labour hire industry and also hard-to-place liability risks,” Wellington Director Brian Atkin told insuranceNEWS.com.au today.

“So we’ve now moved and expanded into property underwriting which is through the appointment of [Mr Gibb] who is based in Brisbane and who came to us from Vero.

“We’re excited to have him on board to expand our product offerings to include difficult property placements.”

Mr Gibb told insuranceNEWS.com.au the business is looking to “identify under-served areas that don’t currently have domestic capacity available”.

“2020 and 2021 have seen the major Australian players pull back capacity and pull out of segments that they no longer want to play in but where customers still need to be serviced.”

The agency has existing relationships with various underwriters at Lloyd’s and is in talks to source additional capacity, particularly in the mining sector.

“We’re looking to differentiate ourselves from the market by hiring experts,” Mr Gibb said. “There is certainly an appetite to grow the business.”