Falvey Cargo Underwriting and Falvey Shippers Insurance have expanded capacity by partnering with Nationwide Mutual Insurance Company (Nationwide).
The partnership will allow Falvey to continue to increase its capacity while providing flexible cargo solutions.
All new accounts underwritten April 1, 2020 forward, will be quoted including Falvey’s Nationwide facility.
In addition, Nationwide will extend both Admitted and Non-Admitted solutions for Falvey programs.
“As an industry leader in writing marine cargo, Falvey continues to position our Group for growth moving forward,” President and CEO of Falvey companies, Mike Falvey. “We are delighted and proud to have Nationwide ‘on our side’ to continue that growth.”
“Nationwide is proud to partner with Falvey and expand our Ocean Marine offerings with an industry leader in the cargo space,” added Heather Schenker, VP of Brokerage at Nationwide.
Nationwide joins Falvey’s security panel comprised of Lloyd’s of London and Beazley Insurance Company Inc.
Falvey Cargo is the largest cargo cover note holder at Lloyd’s and also offers US Admitted paper through Beazley.