Specialist MGA Falvey Insurance Group has announced that it has increased its underwriting capacity from January 1st, via expanded partnerships with its key supporting carriers.
In total, Falvey partners with 35 different carriers or syndicates on 36 different underwriting facilities via its 4 MGAs.
Major changes to the program this year include a transition to Accredited Surety and Casualty Company for Cargo, Shippers Interest, and Vessel Pollution lines of business.
It has also established a strategic relationship with Great American Insurance Company to include Falvey’s Vessel Pollution MGA, and has increased in-house Cargo authority to $75 million for any one conveyance or location
Falvey now operates partnerships with Lloyd’s of London, Chubb, Beazley, Ascot, Starr Insurance Companies, Accredited Surety and Casualty Company, Nationwide E&S/Specialty, and Great American Insurance Group.
“Each year we spend significant time collaborating with our security partners to find new ways to work together. I am thrilled to be able to transition a large portion of our book to the Accredited team as they have been a great new partner entering our second year,” said Jack Falvey, Chief Operating Officer at Falvey.
“Through the great work of our underwriting teams and staff, Falvey continues to be positioned for growth, as well as solve problems for our clients.”
Daryl Mackay, Chief Relationship Officer at Falvey, also commented: “We are delighted to welcome Great American to our panel of Underwriters to further enhance our offering to all our clients across our Cargo and Pollution lines. Further we are continually impressed by the level of support from our London capacity providers.”
