Entrepreneurial insurance and finance firm Envest has taken minority interest in a new start-up marine underwriting agency, RedSky Insurance.
Created by marine insurance specialists Jill Murphy Heather Roberts and Jodie Drinnan, RedSky Insurance has a relationship with Lloyd’s to underwrite cargo, hull and machinery, yacht, pleasure craft and liability policies.
Envest Managing Director Greg Mullins said he was excited about the prospects of the new agency.
“RedSky brings together an underwriting team that has more than 96 years industry experience,” Mr Mullins said.
“Their competitive advantage in the market is not only the quality of people, but the quality of paper and the ability to be fast, flexible and nimble.”
Co-founder Jill Murphy said the new agency would offer a true alternative to the big players in the market.
“We are passionate about what we do, and we have the experience and relationships to create tailor-made marine insurance for our corporate customers whilst also offering online solutions for products such as pleasure craft.” Ms Murphy said.
“Marine insurance can be difficult to understand because it is different to the other general insurance lines. This has resulted in a lot of insurers pulling back or offering a beige, one size fits all, product.
“Our goal is to bring some colour back into the market and help clients find innovative solutions.”
Based out of Sydney, RedSky will leverage the collective industry experience of Ms Murphy, Heather Roberts and Jodie Drinnan; supported by Alex Heckenberg.
Ms Murphy has been a coverholder at Lloyd’s since 2012 and formerly held senior positions with AIG Australia and AON Risk Solutions. Ms Roberts has over 20 years broking experience and 10 years in underwriting in senior roles with corporate insurers. Similarly, Ms Drinnan spent the past 17 years in corporate insurance, is an experienced cargo underwriter and formerly the National Distribution Manager for QBE.
Pictured below is Envest Managing Director Greg Mullins with RedSky Insurance founder Jill Murphy at the official launch party in Sydney in February 2020.
For more information about RedSky or to get a marine quote visit RedSky