Specialist Property, Liability and Labour Hire Agency, Wellington Underwriting Agencies Pty Ltd has joined the Envest Group, with Envest Pty Ltd, part of The Ardonagh Group, taking a majority stake in the growing business.
Founded by Brian Atkin and Colin Cowden in 2018, Wellington quickly gained traction despite a shrinking market and the challenges of starting a new customer focused business during COVID pandemic.
“Wellington is a great success story,” Mr Atkin said.
“We are a solutions-oriented business that supports quality distribution of insurance products for complex risks. Our experienced team and our focus on building long standing relationships with our brokers and underwriting partners is the key to our success, and during COVID that was almost impossible with site visits, expos and conferences shut down, and Lloyd’s remediating their book at the same time.
“But the value we bring to the market was seen anyway, word spread about what we were doing and as a result our growth has been exponential.”
Wellington currently places more than $30m in Gross Written Premium, has a national footprint and 13 staff, including current shareholders and specialist underwriting managers Kevin Corkery, Megan Sheehan, Peter Gibb and Rob Hunt.
Envest Chief Commercial Officer & Head of Agencies Richard Heilig said Wellington had enjoyed incredible success to date, and with the aid of Envest would continue its strong growth trajectory.
“Our agency strategy has always been to invest in businesses with the right people with specialist expertise and empower their growth through an owner driver model and shared back of house support,” Mr Heilig said.
“Wellington extends our level of expertise in our Group around property, liability and labour hire and strengthens our brokers’ ability to place difficult and complex risks for their customers.”
Mr Atkin added, “This is a great opportunity for us to join a family who share our values and can provide us with the support we need to continue to prolong our service driven advice model and continue our growth.”
Wellington Underwriting Brisbane team; Rob Hunt, Blake Stone,
Kirsten Schoenmaker, Rebecca Jones, Peter Gibb