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The Barn Underwriting Agency
Shelter, protection and endurance – these simple words describe The Barn and what we strive to deliver as Australia’s newest specialty commercial risks agency. A coverholder at Lloyd’s, we thrive on complex property and liability insurance solutions.
ESTABLISHED IN 2019, The Barn Underwriting Agency is a new breed of specialty commercial insurance underwriter in Australia. An approved Lloyd’s coverholder, we are supported by some of the fi nest insurance minds and capital around the world. We have an outstanding team of brilliant individuals who have a unique track record in the underwriting agency sphere. The Barn team know how to deliver outstanding results for our broking partners, their clients and the insurance capital partners who protect them.
We are situated in The Rocks, Sydney, and are passionate about making a di erence to those in need. We are a proud corporate partner of the unique business giving initiative B1G1, which has enabled The Barn to make more than 20,000 giving ‘impacts’ around the world.
Our current product focus is complex property and general liability risk solutions. Our greatest value-add for our clients is the ability to address every policy in a case-by-case way, which is often a requirement of larger or more complex risks. Each policy we place is individually considered by an experienced team member who has the requisite skills, underwriting authority and genuine desire to work with our broking partners to provide meaningful risk transfer and risk improvement solutions.
In 2021, we have bolstered our available capacity and risk appetite across both property and liability product areas. As the market continues to remain challenging in a postCOVID-19 world, we stand ready to help our brokers and their clients when they need it most.
MATTHEW PORTEOUS, MANAGER – PARTNERSHIPS & ENGAGEMENT
MATTHEW PORTEOUS joined The Barn in September 2020 after his older brother, managing director David Porteous, recognised the need for a partnerships manager within the rapidly expanding business. Matthew is a new face in the insurance industry, bringing with him many years of experience from a successful career in the food and beverage sector.
Spending the last decade as a national account manager for some of Australia’s largest hospitality and leisure venues, Matthew brings a fresh approach to the role. His unique experience has led to a natural transition into the world of insurance.
“With over 20 years of sales and marketing experience, I understand the power of a true partnership and the importance of how we engage our clients,” he says.
With The Barn working to cement itself in the industry, one of Matthew’s key responsibilities is to connect and engage the market. He will be the man at the stand at all the UAC trade shows this year, while also hitting the road to visit our partners and answer the frequently asked question: “Who is The Barn?”
PRODUCTS
Specialty property • Main appetite: • Accommodation • Commercial/industrial property owners • Complex manufacturing, including EPS • Food and beverage industry • Storage and warehousing • Capacity up to $12.5m per risk • 100% capacity or co-insurance support • Total insured values up to $150m for any one placement • Wording ISR Mark IV • 100% underwritten at Lloyd’s • Local claims management
General liability • Main appetite: • Accommodation • Food and beverage manufacturing • Importing and wholesaling • Manufacturing • Property owners’ GL • Security industry • Up to $20m limits available • Turnovers up to $250m • Bespoke broadform liability wording with various extensions available • Property in physical or legal control • 100% underwritten by Lloyd’s • Local claims management
