Falvey Insurance Group has expanded its product offering with the launch of inland marine coverage to further its growth in specialty markets.
Falvey Insurance Group is built on the belief that customers’ premiums should provide more than just great coverage. The company provides a range of additional value-added services at no extra cost.
Given its growth already in marine transportation markets, this product launch of an inland marine coverage product is considered a continuation of this expansion, as well as an expansion in the specialty space.
In addition to being a natural extension to Falvey’s existing portfolio, Falvey also onboarded a full and experienced team to bring its inland marine product to market.
Mike McKenna, chief underwriting officer at Falvey, said, “We are excited to have Ed, Lisa, Maureen, Thomas, Joanne, and Bob join Falvey to lead our newest product offerings in the Inland Marine marketplace. This group is uniquely qualified with substantial experience across underwriting, policy administration as well as claims enabling a fast-to-market launch.”
The new additions to Falvey all share the same sentiment about the opportunity to develop this line of business. They said, “We are excited for the opportunity to join Falvey and build a product from the ground up especially with an organization that has an aligned passion for success and strong work culture. As Falvey is already growing in marine and transportation markets; expanding into Inland Marine and related property products will assist in continuing the expansion in the specialty space.”
Earlier this year, Skyward Specialty Insurance Group, a provider of specialty property and casualty insurance, launched an inland marine underwriting unit led by Havis Wright.
kyward Specialty’s inland marine solution will enhance AAIS-based coverages geared to serve the Construction and Contracting, Logistics and Transportation, and Specialized Property markets.
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