Boat Loans Australia :: News
SHARE

Share this news item!

Marinex Underwriting Sets Sail in Australian Marine Insurance Market

New Agency Aims to Address Complex Marine Insurance Needs

Marinex Underwriting Sets Sail in Australian Marine Insurance Market?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

The Australian marine insurance landscape has welcomed a new entrant with the launch of Marinex Underwriting.
This agency, backed by global specialty insurance distributor Amwins, is the third venture incubated by the Rhodian Group, a company dedicated to developing specialised underwriting agencies in Australia.

Marinex Underwriting is co-founded by CEO Chris Kelly, National Relationship Manager Janelle Karnib, and Ainsley Smith. The agency's primary focus is to provide tailored solutions for complex marine insurance requirements across the Australian market. Initially, Marinex will offer four key products: Cargo, Carriers, Commercial Hull, and Marine Liability. Plans are in place to expand this portfolio to meet the evolving needs of brokers and their clients.

Simon Lightbody, CEO of Rhodian Group, highlighted the strategic significance of Marinex's launch, stating that it marks an exciting step forward in their mission to offer unparalleled underwriting expertise across multiple sectors. He emphasised that the leadership team's expertise enhances Marinex's ability to deliver significant value to brokers and their clients.

Chris Kelly, CEO of Marinex, underscored the agency's commitment to providing expert solutions to broker clients. He noted that understanding the complexities of marine insurance is crucial, and having a trusted partner with specialised expertise is essential. With the backing of Lloyd's and Canopius, and support from the Rhodian network, Marinex aims to deliver solutions that meet the evolving needs of brokers and their clients.

National Relationship Manager Janelle Karnib emphasised Marinex's focus on broker relationships, stating that the company's structure is designed to prioritise broker service. She highlighted that their commitment to broker service has not only shaped their business structure but also created the backbone of their culture as an agency. They look forward to setting new standards in marine underwriting excellence.

The launch of Marinex Underwriting comes at a time when the global marine insurance industry is experiencing sustained growth. The International Union of Marine Insurance (IUMI) reported a 5.9% increase in global marine insurance premiums in 2023, reaching US$38.9 billion. This growth was observed across all major sectors, including cargo, offshore energy, and ocean hull. Europe continues to dominate the market with a 48.5% share, while the Asia-Pacific region holds 28.1%.

For Australian boat owners and marine businesses, the entry of Marinex Underwriting into the market signifies increased access to specialised insurance products tailored to their unique needs. This development is particularly relevant for those seeking comprehensive coverage options that address the complexities inherent in marine operations.

Published:Monday, 13th Oct 2025
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Finance News

MitchCap and BIA Collaborate to Boost Financial Literacy in Marine Industry
MitchCap and BIA Collaborate to Boost Financial Literacy in Marine Industry
02 Feb 2026: Paige Estritori
The Boating Industry Association (BIA) and MitchCap have announced a strategic partnership to launch a three-year Industry Financial Skills and Awareness Program aimed at enhancing financial literacy within Australia's marine sector. This initiative is set to provide BIA members nationwide with valuable knowledge, data analytics, and commercial resources to bolster their financial acumen. - read more
BIA and AFTA Forge Partnership to Strengthen Boating and Fishing Sectors
BIA and AFTA Forge Partnership to Strengthen Boating and Fishing Sectors
02 Feb 2026: Paige Estritori
In a significant move for Australia's outdoor recreation sector, the Boating Industry Association (BIA) and the Australian Fishing Trade Association (AFTA) have formalized an agreement to collaborate more closely. This partnership is designed to benefit their combined membership base and bolster support for boat-based fishing across the nation. - read more
Australia's Marine Industry Surges to $229 Billion in 2023
Australia's Marine Industry Surges to $229 Billion in 2023
01 Jan 2026: Paige Estritori
Australia's marine industry has achieved a remarkable economic milestone, with its output soaring to $229 billion in 2023. This 19% increase from previous years underscores the sector's robust growth and its pivotal role in the national economy. - read more
BIA Calls for Strategic Support in Australia's Marine Manufacturing Sector
BIA Calls for Strategic Support in Australia's Marine Manufacturing Sector
24 Dec 2025: Paige Estritori
The Boating Industry Association Ltd (BIA) has recently called upon all levels of Australian government to provide strategic support to the nation's marine manufacturing and recreational boating sector. This appeal comes in response to a significant skills shortage that threatens the industry's substantial economic contributions. - read more
Austal Limited Bolsters U.S. Shipbuilding with $100 Million EFA Loan
Austal Limited Bolsters U.S. Shipbuilding with $100 Million EFA Loan
24 Dec 2025: Paige Estritori
Austal Limited, a prominent Australian shipbuilder, has secured a $100 million loan from Export Finance Australia (EFA) to support the expansion of its shipbuilding operations in Mobile, Alabama. This funding is earmarked for the development of Austal USA's Final Assembly 2 (FA2) project, a significant step in enhancing the company's capacity to construct vessels for the U.S. Navy and Coast Guard. - read more
Promoting Safe and Responsible Boating: BIA's New Initiative
Promoting Safe and Responsible Boating: BIA's New Initiative
16 Dec 2025: Paige Estritori
The Boating Industry Association (BIA) has recently unveiled a significant initiative aimed at fostering responsible boat ownership across Australia and New Zealand. This campaign, launched during Safe Boating Week 2025, is a collaborative effort under the Australia New Zealand Safe Boating Education Group (ANZSBEG), which includes maritime regulators and peak bodies from both nations. - read more


Boat Loans Articles

How to Navigate Refinancing Your Boat Loan with Ease in Australia
How to Navigate Refinancing Your Boat Loan with Ease in Australia
Refinancing a boat loan can be a strategic financial move, enabling boat owners to reap the benefits of lower interest rates, reduced monthly payments, or shorter loan terms. The concept of refinancing involves replacing your existing loan with a new one, often with more favorable conditions that better suit your current financial situation. - read more
Setting Your Course: Fixed and Variable Rate Boat Loans Explored
Setting Your Course: Fixed and Variable Rate Boat Loans Explored
The allure of the open waters is undeniable, and for many Australians, the dream of owning a boat is akin to the ultimate freedom. Whether it's for leisurely sails along the coast, fishing adventures, or simply the joy of the aquatic lifestyle, boats represent an escape from the everyday grind. However, the pursuit of this dream often comes with a significant financial consideration: boat loans. - read more
Setting Sail: Top 10 Boating Spots in Australia
Setting Sail: Top 10 Boating Spots in Australia
Australia is a boater’s dream, offering an extraordinary array of aquatic landscapes that beckon adventurers to set sail and explore. From the gentle lap of waves in sheltered coves to the expanse of the open ocean, the joy of boating down under is unmatched. Whether you're a seasoned sailor or new to the world of nautical navigation, Australia’s waters promise spectacular views and unforgettable experiences. - read more
Common Mistakes to Avoid When Applying for a Boat Loan
Common Mistakes to Avoid When Applying for a Boat Loan
Applying for a boat loan can be an exciting step toward owning your dream vessel, but preparation is key to securing quick approval. A well-prepared application can make all the difference, ensuring you avoid any unnecessary delays and get the best possible loan terms. - read more
The Role of Deposit Size in Boat Loan Approval
The Role of Deposit Size in Boat Loan Approval
Boat loans are a popular way for Australians to finance their dream vessel, whether it's for leisure or lifestyle. Similar to car loans, they allow you to pay for your boat over time with manageable monthly repayments. Securing a boat loan requires meeting certain criteria set by lenders, which can be influenced by various factors, including your financial history and the deposit size. - read more
Secured vs Unsecured Boat Loans: What's the Best Choice for Australians?
Secured vs Unsecured Boat Loans: What's the Best Choice for Australians?
Australia's vast coastline and picturesque waterways make it a haven for boating enthusiasts. From the thrill of open waters to the serene escapes in hidden bays, owning a boat is a unique way to explore the natural beauty that Australia has to offer. The sense of freedom that comes with having your own vessel is unmatched, and it is a lifestyle many Australians aspire to experience. - read more


Start Here

START HERE.

Loan Amount:

Postcode:

All quotes are provided free and without obligation by a Specialist from our National Broker referral panel. See our Privacy Statement for more details.


Quotes are offered free & without obligation. We respect your privacy.

Knowledgebase
Loan-to-Value Ratio (LTV):
A ratio that compares the value of the loan to the market value of the property securing the loan.


Quick Links: | Boat Loans Australia | Marine Finance | Boat Financing Options | Boat Loan Rates | Boat Loan Calculator | Secured Boat Loans | Unsecured Boat Loans | Boat Loan Repayment Terms | Boat Loan Eligibility | Boat Loan Application Process | Boat Loan Interest Rates