Wellington Underwriting Agencies has joined Envest Group, enabling enhanced growth and expertise in property, liability, and labor hire sectors.
Information on the Target
Wellington Underwriting Agencies Pty Ltd is a specialist agency focused on property, liability, and labor hire services. Established in 2018 by founders Brian Atkin and Colin Cowden, Wellington quickly distinguished itself in the market despite the challenging dynamics of the insurance industry and the impact of the COVID-19 pandemic. The agency has achieved significant growth, featuring a national presence, and placing over $30 million in gross written premiums.
The agency has built a dedicated workforce of 13 professionals, including key shareholders and specialized underwriting managers. Their commitment to delivering quality distribution of insurance products for complex risks has solidified their reputation among brokers and underwriting partners, allowing them to expand rapidly even during adverse market conditions.
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Industry Overview in Australia
The insurance industry in Australia is diverse and competitive, encompassing various sectors including property, liability, and specialized services such as labor hire. Historically, the Australian market has been characterized
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Envest Pty Ltd
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Wellington Underwriting Agencies Pty Ltd
in 2023
in a Other deal
Disclosed details
Revenue: $30M