Clearwater is on a mission to redefine marine insurance through the fusion of technology, expertise, and global market insight. Its strength lies in navigating complex marine risks with agility, and in building long-term client relationships based on trust, innovation, and tailored solutions.
Pro MGA Global Solutions recently caught up with Rob Earrey and James Harris Founders of InterProtect and Swati Panesar, the Chief Operating Officer of Clearwater UW Ltd to discuss the company’s vision, its innovative new product InterProtect, and how Pro MGA has supported its growth journey.
- What inspired the creation of InterProtect, and what gap does it aim to fill in the insurance market?
Rob: “InterProtect was born from the recognition that rapidly evolving industries, like subsea infrastructure, deserve a dedicated insurance provider focused solely on their needs. We saw a clear gap for an agile, specialist insurer that could offer bespoke coverage while also raising the bar on risk management standards. From our experience in broking and underwriting, it was evident the subsea cable insurance market lacked stable leadership. Historically, the class has suffered from fragmentation, with markets entering opportunistically, often without the necessary experience, and exiting just as quickly when conditions shifted. This volatility eroded client confidence and made placement increasingly inefficient.
We wanted to create a stable, high-capacity offering grounded in expertise, one that serves client interests over the long term and streamlines the placement process. London needed a dedicated carrier with cable-specific knowledge, and InterProtect is our answer to that call.”
- What makes InterProtect’s subsea cable insurance offering stand out in a growing and complex sector?
James: “Our differentiator is simple: true subject matter expertise and efficient service delivery. We understand the nuances of subsea cable risks and can ask the right questions at the right time, enabling us to provide clarity and speed where others may hesitate.
We offer tailored, high-capacity coverage supported by cutting-edge technology and backed by deep marine insurance experience. This means our clients don’t have to juggle multiple insurers or engineering departments, they get a single, expert point of contact with placement certainty.
In a sector that’s growing in scale and complexity, our understanding of the maritime domain and our ability to translate that into effective underwriting gives us a distinct and valuable edge.”
- Who are your ideal clients for this product, and how do you support them throughout the lifecycle of a policy?
Rob: “Our ideal clients include cable owners, operators, investment consortiums, and marine contractors involved in subsea cable projects. We provide bespoke, project-specific insurance backed by real industry insight.
But our support doesn’t stop at placement. We offer post-inception risk reviews with asset management recommendations, and we create bespoke scopes of work for marine warranty surveyors tailored to our clients’ projects, not repurposed offshore wind templates. We also offer broader protection, such as Cargo War cover for cable shipments.
Looking ahead, we plan to enhance our value even further by offering Raptor/AIS vessel tracking capabilities, engaging actively in industry discussions around cable protection, and partnering with cable monitoring and repair firms to offer clients a truly comprehensive risk solution.”
- How do you expect the wider insurance market to respond to InterProtect’s entry into this space?
James: “We believe the market will welcome InterProtect as a much-needed, dedicated player in this niche. Our traditional MGA model, combined with our clear focus on improving industry standards, gives us credibility.
Our risk philosophy and engineering-led cost modelling offer reassurance that we’re not here for short-term gain, we’re building a sustainable proposition. Our goal is to become the preferred leader in this class, and with the team and partners we have, we’re confident that’s within reach.”
- How has Pro MGA Global Solutions supported Clearwater in its journey as an MGA so far, from compliance and regulatory setup to scaling the business, including support for the launch of the InterProtect product?
Swati: “Pro MGA Global Solutions has been instrumental in Clearwater’s success to date. Their deep expertise in regulatory compliance and governance gave us a strong foundation from day one, helping us meet complex requirements with clarity and confidence.
They’ve been more than just an oversight partner, they’ve offered practical, strategic guidance as we scaled. During the launch of InterProtect, their operational support was critical. Thanks to their robust framework, we were able to bring a technically complex product to market efficiently and with confidence.
Their partnership allows us to focus on innovation and growth, knowing we have an experienced, trusted team supporting us behind the scenes.”
Thank you to Swati Panesar and the team at Clearwater UW for sharing their insights.
To find out how Pro MGA Global Solutions can support your MGA journey: get in touch with our team today. We’d love to help bring your vision to market: https://pro-global.com/pro-mga/
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