Falcon Risk Services (Falcon), the US Financial, Professional and Cyber lines MGA has announced it has expanded capabilities to include admitted paper for its Excess Follow Form product. Initially, they will utilize this admitted solution set for Management Liability products.Falcon Risk Services will underwrite on HDI Global Insurance Company’s admitted paper. The Excess Follow Form product is currently offered on admitted paper in 45 states, as well as the District of Columbia and Puerto Rico. In addition, risks qualifying for the New York Free Trade Zone have access to admitted paper in New York*. Falcon’s Management Liability team is led by EVP, David Lynders, and is supported by Andrew Menger, Head of Public Commercial, Danielle Cirillo, Head of Private Company, and Tim Barry, Head of Financial Institutions.
Falcon Risk was formed in 2021 by Craig Landi, alongside Griffin Highline Capital LLC and HDI Global Specialty SE. The company started underwriting risk in January 2022, and it will provide a full suite of primary and excess financial, professional, and cyber insurance products and services.
CEO of Falcon, Craig Landi said: “We are pleased to expand our capabilities and offerings. Falcon Risk Services is committed to providing excellent service and a robust portfolio of insurance products to our broker community. By continually expanding our resources, we are able to execute on that commitment.”
*This information was updated by Falcon Risk Services on January 18, 2023, to reflect the current status.
About Falcon Risk Holdings
Falcon Risk Services is a managing general agency focused on underwriting and claims management of financial, professional, and cyber lines of insurance business throughout the United States. Falcon uses an analytical approach to underwriting and claims management while also leveraging deep and longstanding broker relationships to nationally distribute its management, professional and cyber liability portfolio of products.
For more information about Falcon, visit: www.falconriskservices.com
About HDI Global Insurance Company (HGIC)
HDI Global Insurance Company (HGIC) is a commercial property and casualty insurer headquartered in Chicago, Illinois and licensed in all 50 states, Washington D.C., Puerto Rico, and the U.S. Virgin Islands. It is the US subsidiary of HDI Global SE (HDI), a leading international industrial lines insurer and member of the Talanx Group. With over 4,300 employees worldwide, HDI is active in more than 175 countries through subsidiaries and network partners.
HDI Global SE and HDI Global Insurance Company hold Financial Strength Ratings of A (Excellent) from A.M. Best.
For additional information, please visit: www.hdi.global/en-us/
About HDI Global Specialty SE
HDI Global Specialty, leveraging the specialty activities of the Talanx Group, is an excellent platform with cross-business segment expertise. Its focus is on writing agency and specialty insurance business in lines including errors & omissions liability insurance, directors’ and officers’ liability insurance (D&O), legal expenses insurance, contingency, sports and entertainment, aviation & space, upstream energy, and animal insurance.
For additional information, please visit: www.hdi-specialty.com
About Griffin Highline Capital LLC
Griffin Highline is a holding company that invests in and actively manages insurance operating businesses. Its strategy focuses on allocating capital to specialized, niche insurance-related businesses with a long-term, compounding approach as an industry partner.
For additional information, please visit: www.griffinhighline.com