A new wholesale business has been established by Falvey Insurance Group in order to strengthen the maritime and logistics services it provides.
Greg Liewald, who is now the senior vice president of the Falvey Insurance Group, and Sean Ryozaki, who is currently the wholesale producer, will be in charge of the new wholesale division. In addition, Falvey mentioned that the division will offer access to the London market while providing solutions that are complimentary to the company’s marine and logistics goods.
According to Mike McKenna, chief underwriting officer of Falvey Insurance Group, “Adding Greg and Sean’s expertise in the wholesale brokerage space to Falvey Insurance Group builds on our unending pledge to service our retail brokers and policyholders.” Adding Greg and Sean’s specialist knowledge builds on Falvey Insurance Group’s unrelenting promise to service its retail brokers and policyholders. “Our wholesale segment will complement unique market access for risk profiles that are difficult to place with trustworthy, high-quality assessment facilities,”
According to a press statement issued by the company, this represents Falvey’s “first-ever formal venture into wholesale,” and it assures its customers that they will continue to receive “the same service excellence for which Falvey is recognized.”
A new all-inclusive liability coverage package policy was made available by Falvey in the month of July for transport operators and providers of logistical services. Cargo legal liability, errors and omissions liability, general liability, contingent auto liability, contingent cargo liability, and additional cost cover are all included in the coverage provided by the policy.