Falcon Risk Services
Falcon Risk Services is a US-based managing general agency that underwrites and manages claims for Management Liability, Professional Liability, and Cyber Liability insurance through brokers, backed by HDI Global Specialty (Talanx Group).
- Company typePrivate
- Founded2021
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Falcon Risk Services does
Falcon Risk Services is a US-based managing general agency (MGA) that underwrites and manages claims for specialty insurance lines spanning Management Liability, Professional Liability, and Cyber Liability. Founded in June 2021 and commencing underwriting in January 2022, the company distributes exclusively through insurance brokers and wholesale broker partners across the United States, with multinational D&O capability spanning 31 countries and admitted paper available in 45 states plus DC and Puerto Rico. Falcon is majority-owned by HDI Global Specialty SE (part of Talanx Group), which provides A+ AM Best and A+ S&P rated underwriting capacity of up to $15M for D&O and $10M for Cyber per risk.
The company's product portfolio encompasses approximately 25 solutions, including public and private company D&O, financial institutions coverage, lead Side A DIC, cyber and technology E&O (including the FalconFlight mid-market product), architects and engineers professional liability, lawyers professional liability, miscellaneous professional liability, SOAR for insurance agents and brokers, and Falcon Cornerstone for real estate developers. Underwriting and operations run on the Cogitate DigitalEdge policy and claims platform, integrated with Snowflake, Azure, S&P Cap IQ, MS Dynamics, and sanctions.io. Headquartered in New York City with regional offices in Atlanta, Boston, Chicago, Houston, Philadelphia, Phoenix, and San Francisco, Falcon employs between 11 and 50 people and is led by an executive team drawn from Argo Pro, Chubb, AIG, Nationwide, Berkshire Hathaway, Munich Re, and Hiscox.
Falcon earns revenue primarily through commissions and underwriting fees as an MGA writing exclusively for HDI Global Specialty on both admitted and non-admitted paper, supplemented by in-house claims management services. Its go-to-market is purely broker-driven, with regional leaders covering Southeast, Central, West, and Northeast US geographies. The company has received industry recognition including the 2024 Datos Insights Insurance Technology Impact Award (Core Technology) and the 2023 Zywave Cyber Risk Awards Cyber Newcomer of the Year.
Falcon Risk Services firmographics
Firmographics- Name
- Falcon Risk Services
- Legal name
- Falcon Risk Holdings LLC
- Website
- https://falconriskservices.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Falcon Risk Services is a US-based managing general agency that underwrites and manages claims for Management Liability, Professional Liability, and Cyber Liability insurance through brokers, backed by HDI Global Specialty (Talanx Group).
- Ownership category
- akta.pro rank
Falcon Risk Services industry classification
Industry- Product category
- Specialty Insurance Underwriting
- NAICS
- Insurance Agencies and Brokerages (52421)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Insurance Program Administration & MGA/MGU Services (FSAEADAK)
- akta.pro secondary industry
- Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)
Keywords
Where Falcon Risk Services is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices8 records
Markets served
Falcon Risk Services business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- MGA Insurance Underwriting: Falcon operates as a managing general agency underwriting financial, professional, and cyber lines of business exclusively for HDI Global Specialty. The company earns commissions and underwriting fees based on gross premium writings through its insurance carrier partner.
- Claims Management Services: In-house claims handling and management services for policyholders, supported by experienced claims counsel.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels4 records
Falcon Risk Services product offering
Product offeringCore offering
Falcon Risk Services operates as a managing general agency (MGA) underwriting management liability, professional liability, and cyber liability insurance exclusively for HDI Global Specialty SE. The company distributes specialty insurance products such as D&O, Cyber/Tech E&O, Architects & Engineers, Lawyers Professional Liability, Financial Institutions coverage, and Falcon Cornerstone for real estate developers through appointed insurance brokers across the United States, supported by in-house claims handling and a digital policy and claims platform.
Product overview
Falcon Risk Services is a managing general agency (MGA) providing specialty underwriting and claims solutions for Management Liability, Professional Liability, and Cyber Liability. The company operates as a product-driven organization offering a comprehensive portfolio of insurance solutions including Public Company D&O, Private Company D&O, Financial Institutions coverage, Cyber and Technology E&O (including FalconFlight product), Architects & Engineers Professional Liability, Lawyers Professional Liability, Miscellaneous Professional Liability, Insurance Agents/Brokers coverage (SOAR), and Falcon Cornerstone for real estate developers. Falcon leverages the Cogitate DigitalEdge platform for digital policy and claims processing, supporting 25+ products since inception in 2021. The company writes on both admitted and non-admitted paper through HDI Global Specialty and its US affiliates.
Differentiator
Problem solved
Functional benefit
Brands
- Falcon Cornerstone: A comprehensive insurance solution for real estate developers covering developers E&O including lenders and investment fund D&O/E&O.
- FalconFlight
- SOAR
Companies that use Falcon Risk Services
Customer profileSegments9 records
Ideal customer profiles7 records
Falcon Risk Services technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
AI capability3 records
Feature3 records
Falcon Risk Services partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- CogitatecoreCogitate is a leader in accelerated digital insurance solutions for P&C Carriers and MGAs. Falcon implemented Cogitate's DigitalEdge Policy and Claims platforms to transition from manual processes to fully digital operations. The implementation reduced submission processing from 45 minutes to 3 minutes and quote generation to 10 minutes.
Scale indicators6 records
Recent moves7 records
Expansion highlights6 records
Falcon Risk Services competitors and assessment
Company assessmentDirect peers
- CRC Group: CRC Group is a wholesale specialty insurance distributor with significant MGA operations across management, professional, and cyber liability. Its specialty underwriting expertise, broker-distribution approach, and product breadth make it a direct peer to Falcon in the US specialty MGA market.
- Burns & Wilcox: Burns & Wilcox is a large specialty insurance MGA and wholesale distributor offering professional, management, and cyber liability through broker relationships. Highly comparable to Falcon Risk Services in its MGA structure, broker-channel distribution model, and specialty product mix across management and professional lines.
- Hull & Company: Hull & Company is a specialty MGA focused on excess & surplus lines including professional and management liability, distributing through wholesale brokers. Comparable to Falcon Risk Services in its MGA structure, specialty E&S focus, and broker-channel distribution model.
- Risk Placement Services (RPS): RPS is one of the largest wholesale brokers and MGAs in the US, distributing specialty insurance products including management liability, professional liability, and cyber through retail brokers. Its MGA-style delegated authority arrangements and specialty line breadth closely mirror Falcon's operating model.
Emerging players
- At-Bay: At-Bay is a venture-backed cyber insurance MGA focused on the mid-market. It overlaps with Falcon's cyber and tech E&O book and uses data-driven underwriting and risk engineering to differentiate. Comparable as an emerging specialty cyber MGA, though At-Bay is more digitally native and direct-to-broker.
Broad incumbents
- Hiscox: Hiscox is a global specialty insurer with a strong US presence in management, professional, and cyber liability, frequently competing for the same mid-market accounts that Falcon targets. Comparable in product mix, though Hiscox operates as a carrier with proprietary capacity rather than an MGA.
- Amwins: Amwins is the largest US specialty wholesale distributor with significant MGA operations across management, professional, and cyber lines. Comparable to Falcon in business model (wholesale/broker distribution with delegated underwriting authority), but considerably larger and more diversified.
- Beazley: Beazley is a global specialty insurer with significant US management liability and cyber liability franchises. Comparable in product mix and target customer segments, though Beazley is a Lloyd's-led carrier with global balance sheet rather than an MGA structure.
- Aspen Insurance Holdings: Aspen Insurance is a global specialty insurer and reinsurer with US management liability, professional liability, and cyber capabilities. Comparable in product mix and target mid-market to large corporate segments, though Aspen is a carrier with broader geographic and line diversification.
- Skyward Specialty Insurance Group: Skyward Specialty is a specialty property and casualty insurance group that both underwrites directly and operates through delegated authority arrangements. Its management liability and professional lines and specialty carrier-MGA hybrid structure provide a broader-market analog to Falcon.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Falcon Risk Services social profiles
Digital presenceFalcon Risk Services compliance and trust
Trust signalCompliance3 records
Falcon Risk Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
Falcon Risk Services leadership team
Management profileNumber of profiles
Profiles19 records
Falcon Risk Services funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Falcon Risk Services M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Falcon Risk Services
What does Falcon Risk Services do?
Falcon Risk Services operates as a managing general agency (MGA) underwriting management liability, professional liability, and cyber liability insurance exclusively for HDI Global Specialty SE. The company distributes specialty insurance products such as D&O, Cyber/Tech E&O, Architects & Engineers, Lawyers Professional Liability, Financial Institutions coverage, and Falcon Cornerstone for real estate developers through appointed insurance brokers across the United States, supported by in-house claims handling and a digital policy and claims platform.
Is Falcon Risk Services a public or private company?
Falcon Risk Services is a private company. It is classified as corporate owned and is currently operating.
When was Falcon Risk Services founded?
Falcon Risk Services was founded in 2021. It employs 11 to 50 people.
Where is Falcon Risk Services based?
Falcon Risk Services is headquartered in New York, United States, in the North America region.
How does Falcon Risk Services make money?
Two revenue lines are on record. MGA Insurance Underwriting is the primary driver. The others are claims Management Services.
Who are Falcon Risk Services's main competitors?
Direct peers on record are CRC Group, Burns & Wilcox, Hull & Company and Risk Placement Services (RPS). At-Bay is listed as an emerging player. Broad incumbents are Hiscox, Amwins, Beazley, Aspen Insurance Holdings and Skyward Specialty Insurance Group.
Does Falcon Risk Services have an API?
No public API is recorded for Falcon Risk Services.
What industry is Falcon Risk Services in?
Falcon Risk Services's product category is Specialty Insurance Underwriting. Its primary akta.pro industry code is FSAEADAK, Insurance Program Administration & MGA/MGU Services, with a secondary code of FSAEADAJ, Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines). Its NAICS code is 52421 and its SIC code is 6411.