Falvey Insurance Group
Falvey Insurance Group expertIse in yacht insurance, cargo, shippers insurance, and vessel pollution.
- Company typePrivate
- Founded1995
- HeadquartersNorth Kingstown, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Falvey Insurance Group does
Falvey Insurance Group is a privately-held Managing General Agent (MGA) founded in 1995 by Mike Falvey, headquartered in North Kingstown, Rhode Island, with offices in the United States, Canada, and the United Kingdom. The company specializes in insurance products for the global supply chain, including Marine Cargo & Stock Throughput, All-Risk Shipper's Interest, Transportation & Logistics Liability, Vessel Pollution (under the Safe Harbor brand), Inland Marine, and Specialty Marine coverage. It distributes exclusively through broker partnerships rather than direct-to-consumer sales, with a wholesale brokerage division that provides access to London markets for difficult-to-place risks.
Falvey's product portfolio is built on a proprietary Unified Insurance Platform (UIP) that integrates underwriting, claims, and reporting functions, supplemented by an online broker portal (policy management, invoicing, bulk uploads, real-time claim status), an electronic claims filing system, advanced portfolio reporting, and a fully developed API that integrates with shipping software via a plug-and-play widget. The platform reportedly maintains 99%+ uptime and is supported by partnerships with Domo for analytics.
The company earns revenue primarily through commissions on insurance premiums placed with a panel of 36 partner carriers across 5 MGA entities (including Lloyd's of London syndicates, Chubb, Beazley, Ascot, Starr, Accredited Surety and Casualty Company, Nationwide E&S/Specialty, and Great American Insurance Group), supplemented by wholesale brokerage fees. Falvey holds the position of largest cargo covernote holder at Lloyd's of London and increased in-house cargo authority to $75 million per conveyance or location as of January 2023. The firm employs 200+ people across its three geographies and was recognized as Insurance Insider's MGA of the Year in 2020.
Falvey Insurance Group firmographics
Firmographics- Name
- Falvey Insurance Group
- Legal name
- Falvey Insurance Group
- Website
- https://falveyinsurancegroup.com
- Company type
- Private
- Founded year
- 1995
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Falvey Insurance Group expertIse in yacht insurance, cargo, shippers insurance, and vessel pollution.
- Ownership category
- akta.pro rank
Falvey Insurance Group industry classification
Industry- Product category
- Marine Insurance
- NAICS
- Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Insurance Program Administration & MGA/MGU Services (FSAEADAK)
Keywords
Where Falvey Insurance Group is headquartered
LocationHeadquarters
- HQ city
- North Kingstown
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Falvey Insurance Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Others
Revenue model
- Insurance Premiums: Falvey Insurance Group generates revenue by underwriting specialized insurance products (marine cargo, vessel pollution, transportation & logistics, inland marine) and earning commissions from carrier partnerships. They operate as an MGA with 36 partner carriers via 5 MGAs.
- Wholesale Brokerage Services: Falvey Insurance Group Wholesale division offers complementary solutions to the group's marine and logistics products, providing wholesale brokerage services and access to London markets.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Quote-based pricing tailored to specific risk profiles |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Falvey Insurance Group product offering
Product offeringCore offering
Falvey Insurance Group is a Managing General Agent (MGA) that underwrites and distributes specialized insurance products — including marine cargo & stock throughput, all-risk shipper's interest, transportation & logistics liability, vessel pollution (Safe Harbor), inland marine, and specialty marine coverage — through broker partnerships and a wholesale division with London market access. The firm operates across 36 partner carriers via 5 MGAs and leverages a proprietary Unified Insurance Platform (UIP) with online broker portal and shipping software API.
Product overview
Falvey Insurance Group offers a Unified Insurance Platform (UIP) integrating specialized cargo, marine, and logistics insurance products for the global supply chain. The portfolio comprises six core product lines: Marine Cargo & Stock Throughput, All-Risk Shipper's Interest Insurance, Transportation & Logistics Liability, Vessel Pollution Insurance (Safe Harbor), Inland Marine, and Specialty Marine. Add-on modules include Cyber for Cargo coverage and Specialty Brokerage/Wholesale division for accessing London markets. The company operates through 36 partner carriers via 5 MGAs with over $75 million in-house cargo authority. The platform is unified under a single brand following a 2023 rebrand from multiple separate MGA identities.
Differentiator
Problem solved
Functional benefit
Brands
- Safe Harbor: Vessel pollution insurance brand under Falvey Insurance Group, offering the largest spill response network in the industry
- Falvey Cargo Underwriting
- Falvey Shippers Insurance
- Falvey Insurance Services (Wholesale)
Products and services
- Marine Cargo & Stock Throughput
Quantifiable outcome
- 99%+ uptime on technology platform
- +2 more outcomes
Companies that use Falvey Insurance Group
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles2 records
Falvey Insurance Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Falvey Insurance Group partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Canopius U.S.coreFalvey partnered with Canopius U.S. to provide inland marine products and coverage. This partnership allowed Falvey to expand into new lines of business and offer complementary products to clients, with Canopius providing the insurance paper for Falvey's inland marine product launch.
Scale indicators7 records
Recent moves9 records
Expansion highlights6 records
Falvey Insurance Group competitors and assessment
Company assessmentDirect peers
- International Marine Underwriters: International Marine Underwriters is a marine-focused insurance underwriting organization covering cargo, hull, liability, and related ocean risks. Its specialized marine appetite and intermediary-led placement make it a close operating analogue to Falvey's cargo, shippers-interest, and vessel-pollution platform.
- Risk Placement Services (RPS): Risk Placement Services is a wholesale insurance distributor and underwriting platform with specialty commercial capabilities, including marine and transportation risks. Its use of brokers, delegated underwriting, and carrier capacity directly overlaps Falvey's MGA and wholesale model.
- Amwins: Amwins is a large wholesale insurance broker and underwriting manager serving specialty commercial risks through brokers. Its marine and transportation capabilities and access to multiple carrier facilities make it a relevant scale and distribution peer.
- CRC Group: CRC Group is a wholesale insurance distributor and specialty-lines underwriter that places complex commercial risks through broker relationships. Its marine, transportation, and program-administration overlap makes it comparable to Falvey's multi-line MGA model.
- Burns & Wilcox: Burns & Wilcox is a specialty wholesale insurance broker and underwriting organization that supports brokers with niche commercial products and capacity. Its delegated-underwriting and broker-portal orientation are comparable to Falvey's specialized marine platform.
- Crump Insurance Services: Crump is a wholesale insurance broker and program administrator serving specialty commercial risks through independent agents and brokers. Its marine, transportation, and specialty capabilities provide a close business-model analogue to Falvey's broker-led distribution.
Regional players
- Miller Insurance Services: Miller Insurance Services is a specialist insurance broker with deep marine, cargo, and London-market expertise. Falvey's London wholesale access and marine focus make Miller a useful regional and channel comparator.
Broad incumbents
- Beazley: Beazley is a specialty insurer with marine, cargo, pollution, and other complex-risk capabilities. It is a broader incumbent and capacity competitor rather than a pure MGA, but it competes for the same specialized risks and broker relationships.
- Chubb: Chubb is a global commercial insurer with cargo, marine, transportation, and specialty lines. Its broader portfolio and carrier scale place it as a broad incumbent competitor for Falvey's high-capacity marine placements.
- Marsh: Marsh is a global insurance broker and risk advisor with a dedicated marine and transportation practice. It overlaps with Falvey in marine placement and broker relationships, but operates at a much broader, non-MGA scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Falvey Insurance Group social profiles
Digital presenceFalvey Insurance Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Falvey Insurance Group leadership team
Management profileNumber of profiles
Profiles11 records
Falvey Insurance Group subsidiaries and ownership
Company hierarchySubsidiaries4 records
Falvey Insurance Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Falvey Insurance Group M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Falvey Insurance Group
What does Falvey Insurance Group do?
Falvey Insurance Group is a Managing General Agent (MGA) that underwrites and distributes specialized insurance products — including marine cargo & stock throughput, all-risk shipper's interest, transportation & logistics liability, vessel pollution (Safe Harbor), inland marine, and specialty marine coverage — through broker partnerships and a wholesale division with London market access. The firm operates across 36 partner carriers via 5 MGAs and leverages a proprietary Unified Insurance Platform (UIP) with online broker portal and shipping software API.
Is Falvey Insurance Group a public or private company?
Falvey Insurance Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Falvey Insurance Group founded?
Falvey Insurance Group was founded in 1995. It employs 101 to 250 people.
Where is Falvey Insurance Group based?
Falvey Insurance Group is headquartered in North Kingstown, United States, in the North America region.
How does Falvey Insurance Group make money?
Two revenue lines are on record. Insurance Premiums are the primary driver. The others are wholesale Brokerage Services.
Who are Falvey Insurance Group's main competitors?
Direct peers on record are International Marine Underwriters, Risk Placement Services (RPS), Amwins, CRC Group, Burns & Wilcox and Crump Insurance Services. Miller Insurance Services is listed as a regional player. Broad incumbents are Beazley, Chubb and Marsh.
Does Falvey Insurance Group have an API?
Yes. Fully developed Application Programming Interface (API) that seamlessly integrates with all types of shipping software. Provides plug-and-play shipping insurance widget installed alongside shipping forms, enabling automatic quoting and insuring for full value with a single click. Complete 24-hour technical support provided free of charge for API integration.
What industry is Falvey Insurance Group in?
Falvey Insurance Group's product category is Marine Insurance. Its primary akta.pro industry code is FSAEADAK, Insurance Program Administration & MGA/MGU Services. Its NAICS code is 5242 and its SIC code is 6411.