At Probitas Pacific, our underwriting philosophy is centered on delivering tailored solutions for well-managed Property Risks in Australia.

We prioritise those with a strong risk focus, and have a preference for long term partnerships and significant risk appetite. We are looking to partner with those that see insurance as a last resort, not a first

  • Strong Risk Focus – Not all occupations, construction or locations are the same. We aren’t afraid of exposure; we will underwrite it and through our underwriting approach we can identify those who understand and proactively manage their exposures.  
  • Growing Player – From our beginnings with AUD20m capacity, we now deploy up to AUD60,000,000. This is expected to continue to grow and show our commitment to the local property market.  

We continue to build our portfolio through sustained mutual partnerships, risk averse clients that are on the journey with us. 

We are comfortable considering Quota Share, Primary or XOL capacity deployments.  

Target Occupations

  • Food and Beverage including cold storage
  • Storage and Logistics
  • Chemicals and Pharmaceuticals
  • Hotels and Motels
  • Distribution and Warehousing
  • Aged Care
  • Commercial and Retail Property Owners
  • Shopping Centres
  • Medical Risks
  • Tertiary Education
  • Retail

Should your risk fall outside the appetite outlined above, please feel free to contact us, as we’re committed to finding practical solutions rather than taking a rigid approach.

Our Property Appetite

As a modern insurer, we have a broad appetite for risks including the following occupations:

  • Airports
  • Chemicals / Pharmaceuticals
  • Dairy
  • Distribution / Warehousing (including Cold Storage)
  • Education
  • Food & Beverages
  • Food Processing & Manufacturing
  • General Property Owners
  • Health & Aged Care
  • Hotels
  • Light Industrial
  • Office

And, will consider higher hazard trades, subject to strong client risk management.

Meet the Team

Peter Watts leads our Property team with a sharp focus on technical excellence, disciplined underwriting, and strategic portfolio growth. With experience in underwriting, reinsurance and having been on the client side, he understands the value of delivering responsive, well-structured coverage that aligns with clients’ risk profiles and business objectives.

Brigitte Duffy plays a key role in supporting the property team, working closely with Peter to deliver responsive and well-structured underwriting solutions. As a Senior Underwriter, she brings a strong technical foundation and a collaborative approach, ensuring each placement aligns with clients’ risk profiles and strategic objectives

Peter Watts
Brigitte Duffy

Policy Documents

Download your copy of Probitas Pacific’s Property documents here:

Industrial Special Risk Policy Wording

 

 

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Probitas Syndicate 1492 is managed at Lloyd’s by Probitas Managing Agency Limited. Probitas Managing Agency Limited is registered in England and Wales (No. 12242600) at 88 Leadenhall Street, London, EC3A 3BP and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Firm Reference Number 931446). Probitas 1492 (Pacific) Pty Ltd (ABN 82 663 993 244) is registered in Australia and is a Lloyd’s approved service company and coverholder of Probitas Managing Agency Limited. Probitas 1492 (Pacific) Pty Ltd is regulated in Australia by the Australian Securities and Investments Commission (Licence No: 545082). We may process your personal data. For information on how your personal data is used and the rights that you have please see the Privacy Notice. If you are providing personal data to us on behalf of another individual, you must provide this Privacy Notice to them. Please find our Terms of Trade here.