Sentry expands into marine cargo through Falvey Insurance partnership

Sentry Insurance, a leading mutual insurance group, has partnered with Falvey Insurance to offer admitted and non-admitted cargo capacity to Falvey’s broker partners.

Sentry Insurance, a leading mutual insurance group, has partnered with Falvey Insurance to offer admitted and non-admitted cargo capacity to Falvey’s broker partners.

This will support the needs of the growing and complex supply chain and allow Falvey to better service brokers and their clients.

It marks Sentry’s expansion into the marine cargo segment as a next step in growing as an industry leader in the specialty space.

The firm, known for its dedication to fostering long-term relationships and operational excellence, is a niche leading MGA offering property and casualty solutions focused on the supply chain and trade, including cargo and vessel pollution insurance.

Sentry, which launched its specialty lines division in 2022, joins Falvey’s existing security partners, including Lloyd’s of London, Chubb, Beazley, Ascot, and Starr Insurance Companies.

This collaboration will enhance Falvey’s capabilities and provide greater value to its customers.

Jack Falvey, COO of Falvey stated, “Falvey’s partnership with Sentry allows us to continue to support the needs of the growing and complex supply chain and to better service brokers and their clients. The whole organisation at Sentry has been phenomenal to work with, and we look forward to growing the relationship with the Sentry team in the future.”

Heather Schenker, Head of Specialty at Sentry commented, “Sentry is excited to partner with a trusted industry leader like Falvey Insurance Group. Our expansion into the marine cargo segment is the next step into growing as an industry leader in the specialty space.”

Brad Eldridge, Chief Relationship Officer, remarked that, “Partnering with Sentry presents an exciting opportunity to expand our footprint within our specialty. This collaboration will enhance our capabilities and provide even greater value to our customers.”

Scott Miller, President of Commercial Sentry added, “From the onset, we recognised how passionate Falvey was about the cargo industry. Their commitment and expertise is exactly what we’re looking for in a partner. Coupled with a proven track record in their results, we’re excited about what the future holds for this partnership. The Falvey’s have built a tremendous business.”

Keep up with all the latest FinTech news here

Copyright © 2024 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research

Investors

The following investor(s) were tagged in this article.