Falvey Insurance reveals leadership change, Mike Falvey moves to Executive Chairman

Maritime risks insurer Falvey Insurance Group has announced that Mike Falvey will transition from Chief Executive Officer (CEO) to Executive Chairman, effective January 1st, 2025.

Falvey maintains his role as Chairman of the Board, overseeing the firm’s management team.

As the Executive Chairman, he will continue to provide guidance and strategic insights to the leadership in an advisory role.

Nearly three decades after founding Falvey in 1995 to offer comprehensive cargo insurance policies, it has evolved under his leadership into the all-encompassing Falvey Insurance Group, with 36 partner carriers through 5 MGAs.

Jack Falvey, currently the Group’s Chief Operating Officer, will now serve as CEO.

Mike Falvey commented: “I am extremely proud of what Falvey has become, and the transformation that has taken place over the last 30 years. I always say that people are our greatest asset, and that remains true. We are close to 200 employees and each one of them is bringing their best to ensure Falvey’s mission, vision, and values are carried out.

“I am also so proud to pass the torch to Jack to lead the next generation of Falvey. His foresight, focus on operational excellence, and genuine passion for our industry is exactly what Falvey needs going into our 30th year in business. I am excited to see what he will do during his 30 years!”

Falvey was founded on Mike Falvey’s belief that he could offer better service and products in the cargo underwriting insurance space.

As Falvey Cargo grew, his vision expanded to include services and solutions for additional sectors, such as marine, logistics, and supply chain insurance.

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