Rhode Island-based insurance professional recognized as rising star
By: Insurance Business
Falvey Insurance Group's Jack Falvey has been included in Insurance Business America magazine's annual Young Guns report, recognizing 72 up and comers aged 35 and under who are representing the fresh new faces of America's insurance industry.
As the vice president of group operations at Falvey Insurance Group [FIG], Falvey promotes change and innovation while structuring risk vehicles in new ways. As the leader of FIG's software development team, he steers the division to push out industry-leading technology and platforms. Falvey and his team ensure that all functions are working properly so that the company's approximately $80 million in GWP can be properly underwritten with claims paid. Additionally, Falvey liaises with the 18 syndicates FIG works with at Lloyd's, overseeing report generation and presentations to provide an in-depth view of how FIG and the markets in which it operates are faring.
One of Falvey's most significant accomplishments has been the creation of a $175 million primary vessel pollution facility for the MGA Safe Harbor Pollution Insurance – the largest pollution facility in US history. Falvey led the negotiations, structuring, contract reviews and final sign-offs for the deal, which was a game-changing event for a market that had been dominated by one company for more than 40 years.
"This year's Young Guns represent the next generation of leaders in an industry that requires nimbleness, curiosity and an eye for innovation,"
For the full report see issue 7.10 of Insurance Business America magazine out now. To view the list and to find out more about Falvey click HERE (https://www.insurancebusinessmag.com/
Insurance Business America is the country's leading business magazine for today's sophisticated commercial insurance broker/agent. Insurance Business America engages the decision-makers who matter by publishing an industry-standard magazine that supports both the business and best-practice requirements of today's commercial broker.
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