Starting January 1, 2025, Mike Falvey (pictured left) will transition from his current role as chief executive to take on the position of executive chairman. In this advisory capacity, he will continue to offer strategic advice and guidance to the leadership team while maintaining his role as chairman of the firm’s board.

Taking over as CEO next year will be Jack Falvey (pictured right), the current chief operating officer of the group. Details of the succession will be provided as January 2025 approaches.

The older Falvey founded the company in 1995, initially operating with just two employees with a focus on providing comprehensive cargo insurance.

Committed to improving service and product offerings in the cargo underwriting insurance sector, Mike’s vision led to the expansion of Falvey Cargo. This growth eventually encompassed additional sectors within marine, logistics, and supply chain insurance. Today, Falvey Insurance Group has 36 partner carriers and five managing general agents.

“I am extremely proud of what Falvey has become, and the transformation that has taken place over the last 30 years,” the founder of the three-decade-old business commented. “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!"