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Marinex Underwriting Launches to Address Australia's Marine Insurance Needs
New Agency Offers Specialized Products for the Marine Sector
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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.
Rhodian Group, an incubator of underwriting agencies in Australia, has announced the launch of its third agency, Marinex Underwriting.
Backed by global specialty insurance distributor Amwins, Marinex is a shared equity marine underwriting agency co-founded by national relationship manager Janelle Karnib, CEO Chris Kelly, and Ainsley Smith.
The new agency aims to address complex marine insurance needs across the Australian market. Marinex will initially offer four key products: Cargo, Carriers, Commercial Hull, and Marine Liability. Additional products are expected to be introduced in the near future as the agency seeks to expand its market presence.
For boat owners and marine businesses, the entry of Marinex Underwriting into the Australian market provides new options for securing comprehensive insurance coverage tailored to the unique challenges of the marine industry. Understanding the available insurance products and selecting appropriate coverage is crucial for protecting assets and ensuring financial stability in the face of potential risks.
Published:Friday, 14th Nov 2025 Source: Paige Estritori
Please Note: If this information affects you, seek advice from a licensed professional.
Australia's leading banks-Commonwealth Bank of Australia (CBA), Westpac, National Australia Bank (NAB), and ANZ-are adjusting their mortgage strategies to reduce dependence on mortgage brokers. This move comes as profit margins are squeezed by lower interest rates, rising operational costs, and intensified market competition. - read more
On November 3, 2025, Westpac Banking Corporation announced an agreement to sell its RAMS mortgage portfolio, valued at A$21.4 billion, to a consortium comprising Pepper Money, investment firm KKR, and asset manager PIMCO. The sale is at a slight premium to the gross loan value of the portfolio to be transferred at completion. However, Westpac anticipates incurring a loss on the sale after accounting for transaction costs and other financial adjustments. - read more
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