Baileys Insurance: Everything you need to know
Founded: 1986
Types of services: Insurance brokerage
Clients: 4,500+
Offices: Auckland
Baileys Insurance was founded in 1986 by Neil Bailey, who left his sales representative post with the Royal Insurance Company to start his own business. Seeing opportunity in the growing insurance intermediary market, Bailey set up a service which provided an independent and personal perspective on insurance, and offered the most suitable products from a range of insurers.
The business began in his family garage with a chair, desk, phone and photocopier, and was then known as Bailey & Associates. The one-man band has since expanded to 15+ employees and advisers, and proudly retains its 100% New Zealand owned and operated heritage.
Today, Baileys Insurance serves over 4,500 clients across New Zealand, insures over 8,500 risks and 3.5 billion assets. It is a member of ICNZ, Steadfast and the Insurance Brokers Association of New Zealand (IBANZ).
It advises on business, marine, life and health and other niche areas of insurance. It is particularly noted as an expert in the area of marine insurance, and has deep knowledge of the marine environment and the needs of boat owners.
Baileys Insurance in the news
1986: Neil Bailey leaves Royal Insurance Company to found Baileys Insurance, then known as Bailey & Associates.
2000: Managing director and partner Pete McEvoy joins the brokerage, bringing 17 years of insurance experience to the table.
2010: Senior risk adviser Simon Holloway joins Baileys, having previously run his own brokerage for 15 years.
2012: Rowan Adolph joins the team, bringing a wealth of marine experience and quickly becoming a partner in the business.
Key people (as of 2020)
Neil Bailey – Founder and director
Bailey has over 30 years’ experience in the insurance industry, having spent several years working at Royal Insurance in Auckland before starting Baileys in 1986. As director, he is responsible for the marketing and strategic direction of the company, as well as the management of complex claims issues for clients. He also looks after the company’s key commercial clients, and is heavily involved with the marine insurance side.
Pete McEvoy – Managing director
McEvoy joined Baileys in 2000, and is responsible for its day to day operations. He specialises in commercial insurance, having spent 17 years working across several major New Zealand insurance companies before joining Baileys, where he dealt with both brokers and clients on a day to day basis. He is originally from Christchurch, and has been an ‘integral’ part of the firm over the last 20 years.
Simon Holloway – Senior risk adviser
Holloway has over 25 years’ experience in insurance, and ran his own brokerage for 15 years before joining Baileys in 2010. He specialises in commercial, construction and liability risks and is a partner in the company.
Rowan Adolph – Senior risk adviser
Adolph’s insurance and underwriting experience goes back to 1995, and he joined Baileys as one of its senior risk advisers in 2012. He had been a marine underwriter for many years before moving to a broking role in 2005, where he found his niche in marine insurance.
Culture
Baileys Insurance Brokers has a strong connection to the leisure craft and marine sector, and is a proud sponsor of the Coastguard and Island Cruising NZ. It is also a recognised member of the NZ Marine Industry Association.
