Chris Kelly Introduction Interview

Chris Kelly, CEO and Co-Founder of Marinex Underwriting talks about his journey to launching a startup agency, and what makes Marinex Underwriting tick.

Tell us a little about your journey to get to where you are today, launching an Underwriting agency. Have you always been in insurance?

I started my insurance career working for MMI Insurance where I refined my skills in risk assessment and financial analysis working my way through the company with various roles throughout Workers Compensation and the General insurance space. This experience provided me with a solid grounding in understanding the intricacies of financial products and the importance of mitigating risks.

After several years and gaining the experience from leaders within companies such as ACE Insurance, CGU, Allianz and AM&T, I transitioned into roles that allowed me to develop a deep understanding of business operations, analytical understanding and planning. Being involved and having the opportunity to learn from such highly respected leaders has taught me invaluable lessons about resilience, innovation, and the importance of customer-centric solutions.

What made you decide it was time to launch your own brand? What have you set out to deliver to the market?

The decision to launch the Marinex brand was driven by a combination of personal ambition and market opportunity. After years of working within established companies, I realised that I had a unique vision and approach that could benefit the industry. I wanted to create a brand that not only reflected my own personal values, but also addressed the gaps I had observed in the market.

One of the key factors that motivated me was the desire to build a team that was the perfect blend of experience, expertise and innovation. The Marinex team has three co-founders, all seasoned professionals who bring a wealth of knowledge from various sectors. Combined with our Rhodian support team who bring new perspectives and frameworks, this dynamic mix allows us to approach challenges creatively, and deliver solutions that are both effective and forward-thinking.

Marinex aims to provide unparalleled expertise in our field, leveraging our extensive experience to offer insights and solutions that are both dependable and innovative. Most importantly, we are committed to putting our clients at the centre of everything we do. We understand that each client has unique needs and challenges, and we strive to offer personalised solutions that deliver real value. Our goal is to build long-term relationships based on trust, transparency, and exceptional service.

Marine is a complex market, where do you see Marinex sitting within the landscape?

Marine insurance is certainly a complex and dynamic market, characterised by its unique risks and challenges. At Marinex, we see ourselves as a forward-thinking player within this landscape, committed to providing specialised solutions that cater to the diverse needs of our clients.

Our appetite is focused on delivering comprehensive coverage across a broad spectrum of marine risks. We aim to serve a wide range of clients, from small-scale operators to large corporations, ensuring that each receives the tailored protection they need. Our expertise spans various segments, including Cargo, Carriers, Hull and Marine Liability, allowing us to offer robust and flexible policies that address the specific requirements of each sector.

We are excited about the opportunities ahead and are dedicated to making a positive impact in the market.

And product wise.. you are launching with Cargo, Carriers and Commercial Hull. How do you see this developing?

We are excited to launch Marinex with a strong focus on three core products: Cargo, Carriers, and Hull insurance. These foundational offerings are designed to address the critical needs of our clients in the marine industry, providing comprehensive coverage and peace of mind.

Our initial focus is on delivering excellence across these first core products. We have invested significant resources into developing robust policies that offer extensive protection and flexibility. Our team of experts is dedicated to ensuring that each product meets the highest standards of quality and reliability. We understand the complexities and unique risks associated with marine operations, and our goal is to provide solutions that are both effective and tailored to our clients’ specific needs.

Looking ahead, we see significant opportunities for growth and expansion. Our intention is to build on the success of our initial offerings by continuously enhancing and diversifying our product portfolio. We plan to introduce our Marine Liability products following the successful launch to market and will continue with our growth and expansion into other new product offerings. Our commitment to growth is matched by our dedication to maintaining the highest levels of service and client satisfaction. We believe that delivering excellence is not just about the products we offer, but also about the relationships we build with our clients.

How is Marinex going to deliver a different/better experience for brokers?

At Marinex, we are committed to delivering a superior experience for brokers by focusing on key differentiators that set us apart in the market.

  1. Personalised Service and Support: We understand that brokers are looking for partners who can offer tailored solutions and responsive service. At Marinex, we prioritise building strong relationships with our brokers, providing them with dedicated support and personalised attention. Our team is always available to assist with any queries, offer expert advice, and ensure a smooth and efficient process from start to finish.

  2. Innovative and Flexible Solutions: The marine insurance market is constantly evolving, and we are committed to staying ahead of the curve. Marinex offers innovative and flexible insurance solutions that are designed to meet the unique needs of our clients. Our products are customisable, allowing brokers to provide their clients with coverage that is precisely tailored to their specific requirements.

  3. Expertise and Knowledge: Our team brings a wealth of experience and deep industry knowledge to the table. We understand the complexities of the marine market and are well-equipped to navigate its challenges. Brokers can rely on us for accurate risk assessments, insightful guidance, and comprehensive coverage options that address the full spectrum of marine risks.

  4. Independent Agency Advantage: As an independent agency, Marinex is not tied to any single insurer. This independence allows us to offer unbiased advice and access to a wide range of insurance products from multiple carriers. Brokers can trust that we are working in their best interests, providing them with the most competitive and suitable options available in the market.

  5. Commitment to Excellence: We are dedicated to delivering excellence in everything we do. From our product offerings to our customer service, we strive to exceed expectations and set new standards in the industry. Our commitment to quality and continuous improvement ensures that brokers and their clients receive the best possible experience. Marinex is poised to deliver a different and better experience for brokers by offering personalised service, innovative solutions, deep expertise, the advantages of being an independent agency, and an unwavering commitment to excellence. We look forward to building strong partnerships with brokers and helping them succeed in the competitive marine insurance market.

What are some of the positive aspects you are looking forward to running your own agency?

Being exposed to assisting with running an Marine agency previously, I see growing Marinex will be a transformative experience, offering both unique opportunities and challenges compared to working within a corporate environment.

Positive Differences:

  1. Autonomy and Flexibility: One of the most significant advantages of running my own agency is the autonomy it provides. We will have the freedom to make strategic decisions quickly and implement innovative ideas without the constraints often found in larger corporate structures. This flexibility allows us to be more agile and responsive to market changes and client needs.

  2. Personal Connection: As an independent agency, we can build closer, more personal relationships with our clients and partners. This direct interaction fosters trust and allows us to tailor our services more precisely to meet their specific requirements.

  3. Entrepreneurial Spirit: Leading my own agency has reignited my entrepreneurial spirit. The ability to shape the company’s vision, culture, and growth trajectory is both exciting and fulfilling. We have created a dynamic environment where creativity and innovation are encouraged and celebrated.