3 minute read

Falvey Insurance Group

Falvey means experience, trust, and value

Falvey Insurance Group (FIG) represents a consortium of insurance products, each with its own core competencies in insurance underwriting across specialized verticals, including marine cargo, all-risk shipper’s interest, marine pollution, and transportation & logistics liability

401-792-0144 falveyinsurancegroup.com

FALVEY INSURANCE GROUP began as a single division, with its first office opened in 1995 in Wakefield, RI by the company’s founder, Mike Falvey. Almost 30 years later, the company has evolved into Falvey Insurance Group, comprising four divisions: Falvey Cargo Underwriting, Falvey Shippers Insurance, Safe Harbor Pollution Insurance, and Falvey Insurance Group Wholesale. “The Specialized Insurance Experts” are known for world-class customer service, claims processing excellence, industry-leading technology, and comprehensive knowledge and expertise that is unparalleled in the insurance industry.

Our value starts with the strength of our products, but we believe that your premium should provide more than just great coverage. With Falvey Insurance Group, you receive a breadth of additional value-added services at no additional cost. We have spent decades developing a reputation in the industry for being committed to going the extra mile for our clients and broker partners, providing solutions that put your needs first and exceed expectations.

If you have a broker agreement with Falvey, you have access to: Specialized underwriting expertise We specialize in industry verticals where we have unique expertise, and we deliver a broad range of services to support our market-leading coverage offerings.

In-house claims, loss prevention, and recoveries By having an in-house, integrated claims, recoveries and loss control department, Falvey can proactively and efficiently combine ease of claim settlement with value-added risk management services to our customers.

Proprietary, industry-leading technology With a full-time 20-person development team, Falvey’s proprietary software is designed to meet the changing needs of our customers, in addition to pushing innovation into the market.

World-class customer service All Falvey companies have a Net Promoter Score over 80% – compared to 42%* for the remainder of insurance companies in the US and Canada.

*Source: ClearlyRated

MICHAEL MCKENNA, CHIEF UNDERWRITING OFFICER, FALVEY INSURANCE GROUP PRODUCTS

• Marine Cargo • Stock Throughput • Life Science • Cyber for Cargo • Storage • Trip Transit • Worldwide Terrorism • All-Risk Shipper’s Interest • Transportation & Logistics Liability • Global Vessel Pollution • Clean Marina • Shipyard • COFR • Blue Cards • Non-Vessel Owner • Supplemental Wholesale

Products

MICHAEL MCKENNA is currently the chief underwriting officer for Falvey Insurance Group. The role is primarily focused on profitable growth of the existing product suite for our carrier partners; expansion of the overall existing specialty product offering; and executive responsibility for the various underwriting functions within the group.

Prior to joining Falvey, Michael led the underwriting function as chief underwriting officer of the Hartford Global Specialty Unit. Prior to Hartford’s acquisition of Navigators in May 2019, Michael was the chief underwriting officer of US Insurance at Navigators, with key responsibilities for the growth, expense management, and profitability of the US specialty products.

Michael joined Navigators in 2004 from Aon, where he was senior vice president of the specialty reinsurance division. He focused on development and servicing of clients engaged in the broader P&C marketplace, with heavy emphasis on marine, energy, property, aviation, and other specialty lines of business.

Michael received a BS in finance from Manhattan College. He recently served as chairman of the board for the American Institute of Marine Underwriters (AIMU), currently serves as vice chair of the International Union of Marine Insurance (IUMI), and is an active member of various other P&C industry organizations.

HAVE A SPECIALIZED RISK? FALVEY HAS YOU EXPERTLY COVERED.

Large carriers may include similar coverage types under their package policy, but they lack the expertise of Falvey’s underwriting teams, the specialized in-house claims and loss prevention services, and the industry-leading technology and service Falvey offers its customers.

Become a valued partner today:

falveyinsurancegroup.com

Marine Cargo | All-Risk Shipper’s Interest | Marine Pollution Transportation & Logistics Liability | & More

This article is from: