Exclusive: Falvey hires AIG’s Platusich to spearhead marine hull and liability entry

By Chris Munro

July 9 - (The Insurer) - Falvey Insurance Group has hired Christian Platusich from AIG ahead of an expected move into the marine hull and liability market.

Marine market sources told Program Manager that Platusich recently joined Falvey and is expected to build a book of marine hull and liability business.

He was most recently head of marine hull and liability, North America at AIG.

“We’re thrilled to welcome Christian to the Falvey family,” CEO Jack Falvey said in a statement to this publication.

“His deep expertise and strong reputation in the market speak for themselves. This marks an important step as we continue to thoughtfully assemble the right foundation to build something truly special in the marine space.

“While we’ll share more details soon, it’s safe to say our goal is to expand our capabilities to deliver something differentiated and truly valuable to the market,” Falvey added.

Platusich has joined Falvey after almost 12 years at AIG and Validus Specialty prior to its acquisition by the Peter Zaffino-led company in 2018.

Prior to Validus Specialty, Platusich was at Tower Group, ANV, Flagstone Re, Mutual Marine Office and XL Group.

Platusich’s move to Falvey and the expected launch of a marine hull and liability offering represents the North Kingstown, Rhode Island-based MGA’s latest expansionary move into a specialist marine insurance segment.

The MGA currently offers marine cargo and stock throughput insurance, all-risk shipper’s interest protection, vessel pollution coverage, transportation and logistics liability, along with inland marine.

Since the start of this year, Falvey has been led by CEO Jack Falvey after he assumed leadership of the MGA from his father and company founder Mike Falvey.

The MGA was originally founded in 1995 by Mike Falvey as Falvey Cargo Underwriting. In the 30 years since, Falvey has grown significantly.

Alongside the five existing offerings, which will grow to six once Platusich secures capacity to support the marine hull and liability program, Falvey has a wholesale broking arm.

At the time of publication, AIG had not responded to a request for comment.