CHICAGO — April 5, 2023 — Canopius Group, a global specialty reinsurer, is announcing a new partnership with Falvey Insurance Group (FIG), a managing general agent whose current lines include ocean marine cargo, all-risk shipper’s interest, vessel pollution and logistics liability, to offer inland marine coverage in the United States. This marks the first time that Canopius U.S. and Falvey will be writing inland marine coverage in the region.
Beginning this month, Canopius will provide the paper for Falvey, who will act as the managing general agent for this new product line. This partnership will help Canopius U.S. increase the density of its product suite by offering this product line to its 5,000+ customers and 2,000+ agents in the United States through FIG.
“We’re excited to partner with FIG to fill an important gap in product lines and considerably strengthen our relationship with brokers and their clients,” said John Ellis, Head of U.S. Ocean Marine at Canopius. “With this new product, we are fostering vital partnerships that will grow our business for years to come.”
The new inland marine coverage product is available by broker appointment with Falvey. The coverage has potential availability for agents and brokers across Canopius’ entire distribution base, both regional and international, in the future.
“This partnership with Canopius enables FIG to expand into new lines of business offering complementary products to our existing clients,” said Mike McKenna, Chief Underwriting Officer at Falvey Insurance Group. “We are looking forward to working with such a strong partner in Canopius to provide top-tier service to our clients in this market.”
This new coverage will be underwritten by Falvey’s recently appointed inland marine underwriting team announced in late February. For submissions, please visit the Falvey website.