By Ryan Smith
Falvey has announced that it has partnered with Canopius US on inland marine coverage and is now accepting submissions following the recent appointment of a dedicated inland marine team at Falvey Insurance Group.
The inland marine team includes six industry veterans and was announced at the beginning of March.
“Since onboarding the team about 30 days ago, we have implemented a fully functional and customized underwriting system, which includes invoicing and claims filing, and have secured paper with Canopius US,” said Jack Falvey, chief operating officer at Falvey. “Our team worked tirelessly to make this launch quick-to-market, as we wanted to make the inland marine product available to our broker partners as soon as possible.”
“This partnership with Canopius will allow Falvey to expand into new lines of business and offer complementary products to our clients,” said Mike McKenna, chief underwriting officer at Falvey. “We look forward to working together to provide top-tier service to our clients.”
Inland marine products cover many risks that may not be covered in the standard property market, including:
These are some of the many inland marine coverage needs that Falvey Insurance Group will consider, the company said.
The launch of the inland marine unit isn’t the only example of Falvey’s continued growth. In September, the company announced the launch of a wholesale division.
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