Insurance industry players partner up to launch new MGA
Griffin Highline Capital, HDI Global Specialty SE and industry veteran Craig Landi have announced the formation of Falcon Risk Holdings, a managing general agency.
Falcon will initially be focused on underwriting and claims management of financial and cyber lines of insurance business throughout the US. Landi (pictured above), who has more than three decades of underwriting experience, will lead the company as CEO.
Falcon will provide a full suite of insurance services. It will utilise an analytical approach to underwriting and claims management and leverage its longstanding broker relationships to distribute its management, professional and cyber liability product portfolio. HDI Global Specialty and its US affiliates will support the MGA with strong underwriting capacity and an S&P A+ rating and an AM Best A rating.
“I am excited to partner with Griffin Highline and HDI to create a leading financial lines underwriter and claims management company,” Landi said. “Together, we are committed to supporting the growth of Falcon and building a best-in-class team.”
“We have a great opportunity to provide a new and compelling offering to the US market through this MGA partnership with Griffin Highline,” said Ralph Beutter, CEO of HDI Global Specialty SE. “We wish Craig and the rest of the Falcon team well in their endeavors.”