Ansvar has announced the appointment of Peter Bailey as its new chief underwriting officer (CUO).
Bailey (pictured) joins from AIG Australia, where he previously held the position of head of portfolio solutions.
Bringing over 30 years of experience in the insurance and reinsurance sectors, Bailey has a background in leadership roles both in Australia and in London.
Bailey's career includes roles in underwriting management and senior leadership across various local and global insurance companies. His expertise spans driving underwriting strategies for profit growth, team development, and organisational enhancement. He is well-versed in commercial and specialty lines, encompassing property, casualty, and financial lines.
In his new capacity at Ansvar, Bailey will direct the company's underwriting strategy and focus on enhancing pricing, analytics, and portfolio management. Additionally, he will work on strengthening underwriting governance frameworks and building capacity in technical underwriting.
“I'm thrilled to join the Ansvar team and keen to make a real difference by continuing to build and grow a better and stronger business in support of Ansvar's broader mission of giving back to the community,” Bailey said.
Ansvar CEO Warren Hutcheon welcomed Bailey to the executive leadership team.
“We are delighted to have Peter Bailey join us as our chief underwriting officer,” Hutcheon said. “Peter is highly experienced, well known within the insurance industry, and will undoubtedly be a strong complement to our senior management team. We look forward to Peter's contribution as a new member of our executive leadership team and guiding the business through the next phase of growth and supporting our goal of growing to give back.”
Ansvar also recently announced the appointment of a new state manager for New South Wales.
