Specialty reinsurer Canopius Group has partnered with Falvey Insurance Group (FIG) to offer inland marine coverage in the US.
FIG is a managing general agent; its current lines include ocean marine cargo, all-risk shipper’s interest, vessel pollution and logistics liability.
Canopius will provide the paper for FIG. FIG will act as a managing general agent for Canopius’ new inland marine coverage product.
This is the first time that the two will write inland marine coverage in the region.
Canopius says this partnership will help it increase the density of its product suite. Through FIG, it will offer this product line to more than 5000 customers and 2000 agents in the US.
The new inland marine coverage product is available by broker appointment with FIG.
Canopius says the coverage has potential availability for agents and brokers across its entire distribution base.
Commenting on the partnership with Canopius, Mike McKenna, chief underwriting officer at FIG, says: “This partnership with Canopius enables FIG to expand into new lines of business offering complementary products to our existing clients.”
