Construction

At Probitas Pacific, our underwriting philosophy is centered on delivering tailored solutions for well-managed construction and engineering risks in Australia. ​ We prioritize disciplined risk selection, pricing adequacy, and a clear appetite to ensure sustainable portfolio growth and profitability. ​

Our approach is guided by the following principles:

1. Targeted Risk Appetite: We focus on onshore construction and engineering projects, particularly in civil, industrial, logistics, and infrastructure sectors. ​ Risks are carefully selected based on geographic location, exposure, and adherence to best practices in risk mitigation and health and safety standards. ​
2. Capacity Deployment: Meaningful capacity is provided to ensure broker support, with initial focus on coinsurance rather than lead underwriting until the portfolio matures. ​
3. Natural Catastrophe Management: Exposures are carefully managed through geocoding, sub-limits, and deductibles. Accumulations are monitored across the portfolio to ensure balanced exposure across book. ​
4. Broker Collaboration: We maintain strong relationships with brokers, offering clear appetite, fair and consistent wordings, and ease of engagement. ​ Our Australian-based operation ensures timely responses within the same timezone. ​

Our underwriting philosophy reflects a commitment to building a profitable portfolio while supporting Australia’s robust construction industry. By combining local expertise, disciplined risk management, and meaningful capacity, Probitas is positioned as a trusted partner to provide construction insurance solutions for brokers and our mutual clients. ​

Our Capacity

$150 million on an EML basis.

Our Appetite

We specialize in providing insurance solutions for well-managed construction and engineering projects in Australia. ​

Key Sectors:

• Civil, industrial, logistics, and infrastructure projects. ​
• Mixed-use properties, rail, roads, airports, utilities, universities, data and distribution centers. ​
• Healthcare and educational facilities, as well as industrial building activity. ​

Preferred Risks:

• Onshore construction projects with strong risk management practices. ​
• Infrastructure projects such as rail, bridges, tunnels, roads, and pipelines, with appropriate sub-limits and deductibles. ​
• Building structures like office/residential towers, industrial, logistics, warehouses, and sports stadiums. ​

We are committed to partnering with brokers and clients on projects that align with our disciplined underwriting approach, ensuring sustainable growth and profitability while supporting Australia’s thriving construction industry. ​

Stay in Touch

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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.