Sentry Partners with Falvey to Expand Ocean Freight | Insurance business America
The initiative will provide permitted and non-permitted capacity to the company’s broker partners
marine
By Kenneth Araullo
Mutual insurance group Sentry Insurance has announced a partnership with Falvey Insurance Group to offer admitted and non-admitted cargo capacity to Falvey’s broker partners.
Sentry, which launched its Specialty Lines division in 2022, joins Falvey’s existing security partners, which include Lloyd’s of London, Chubb, Beazley, Ascot, Starr Insurance Companies, Accredited Surety and Casualty Company and Great American Insurance Group.
Falvey Insurance Group is a niche Managing General Agent (MGA) offering various property and casualty insurance solutions with a focus on supply chain and commercial.
Jack Falvey, Chief Operating Officer of Falvey Insurance Group, stated that the partnership with Sentry will enhance their ability to better serve brokers and their customers.
“In addition to Sentry’s outstanding reputation and operational excellence as an AM Best-rated A+ (Superior) insurance company, Sentry is known for its commitment to cultivating long-term relationships. The entire organization at Sentry has been phenomenal to work with and we look forward to expanding our relationship with the Sentry team in the future. All of these characteristics make Sentry the perfect partner for Falvey,” said Falvey.
Heather Schenker, head of specialty operations at Sentry, was excited about the partnership, describing it as a strategic expansion into the ocean freight segment.
“The combination of Sentry’s financial strength and Falvey’s expertise only creates more opportunities to provide comprehensive protection to the ocean freight industry,” said Schenker.
Brad Eldridge, Chief Relationship Officer at Falvey, commented on the potential of the collaboration to expand their presence in the specialty insurance space. He emphasized that the partnership will enhance Falvey’s capabilities and provide greater value to customers.
Meanwhile, Scott Miller, president of commercial insurance at Sentry, also recognized Falvey’s passion and expertise in the freight industry, which is consistent with Sentry’s expectations in a partner.
“Coupled with a proven track record of results, we are excited to see what the future holds for this partnership. “The Falveys have built a tremendous business,” Miller said.
Recently, Falvey Insurance Group launched commercial outbound insurance – a new offering that combines commercial property and inland marine insurance to protect a company’s products during both manufacturing and transit.
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2024-06-03 15:00:00
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