Marinex Underwriting Debuts in Australian Marine Insurance Sector

Marinex Underwriting is set to offer a range of products, including cargo, carriers, commercial hull, and marine liability insurance. This strategic move aims to address the complex and evolving requirements of the marine sector, ensuring comprehensive coverage for various maritime operations.

The agency is backed by global specialty insurance distributor Amwins and co-founded by industry veterans Janelle Karnib, Chris Kelly, and Ainsley Smith. Their combined expertise positions Marinex to deliver innovative solutions and exceptional service to clients across the country.

Chris Kelly, CEO of Marinex, emphasised the agency's commitment to understanding and meeting the intricate demands of marine insurance saying they are thrilled to unveil Marinex to the market, and that Understanding the complexities of marine insurance, they know the importance of having a trusted partner with specialised expertise.

Janelle Karnib highlighted the agency's focus on building strong relationships with brokers, ensuring that their business structure and culture prioritise broker service. Our commitment to broker service has not only shaped our business structure but also created the backbone of our culture as an agency. We look forward to setting new standards in marine underwriting excellence, Karnib said.

The launch of Marinex Underwriting comes at a time when the global marine insurance industry is experiencing sustained growth. According to the International Union of Marine Insurance (IUMI), global marine insurance premiums increased by 5.9% in 2023, reaching US$38.9 billion. This growth reflects the rising demand for specialised marine insurance products, making Marinex's entry into the Australian market both timely and strategic.

As Marinex Underwriting begins operations, it aims to quickly establish itself as the go-to marine underwriting agency in Australia, delivering unparalleled service and innovative solutions that address the evolving needs of clients in the marine sector.