NEW YORK--()--Liberty International Underwriters (LIU), part of the Global Specialty unit of Liberty Mutual Insurance, has brought on Richard Falcinelli as vice president, senior manager of marine risk engineering for the Americas. In this position, Mr. Falcinelli will have responsibility for LIU’s marine risk engineering team in the U.S., Canada and Latin America.
“Tug and barge is an important and growing segment for LIU”
Mr. Falcinelli has 30 years of maritime industry experience including 20 years in management positions ashore. A graduate of the Maine Maritime Academy who also holds a master’s degree in international transportation management, Mr. Falcinelli was most recently executive vice president of a large coastwise tug and barge petroleum transporter with over $300 million in annual revenue.
“Tug and barge is an important and growing segment for LIU,” said Don Harrell, senior vice president of marine for Liberty International Underwriters. “We brought on Rick for this newly-created position to help meet the needs of this segment and to take our risk engineering services to the next level. As the global economy continues to improve, the concurrent uptick in marine traffic offers an opportunity to seek out new business. The decades Rick has spent with marine transport companies gives him first-hand insight to the insurance coverage these businesses need to thoroughly protect their operations. He will be a valuable resource for brokers looking to place this business.”
In his new role Mr. Falcinelli is tasked with building upon the success of LIU’s marine risk engineering program. This will be accomplished by strengthening relationships with LIU clients in support of their loss prevention initiatives and providing enhanced service offerings. Additional resources will also be brought on to keep pace with LIU’s rapid growth.
LIU provides a broad range of marine insurance products that include Ocean and Project Cargo, Marine Liabilities, Marine Builder’s Risk and Hull and Machinery. LIU’s Team 360 employs a local underwriting approach that includes risk engineers and marine claims specialists from the start of each relationship. Because the entire team is fully integrated into the insurance process, clients get faster service and a program that leads to a reduction in loss and best claims outcome. Brokers can contact Mr. Falcinelli directly at Richard.email@example.com or 212-208-9576 or visit www.liu-usa.com for more information.
About Liberty Mutual Insurance
"Helping people live safer, more secure lives" since 1912, Boston-based Liberty Mutual Insurance is a diversified global insurer and the third largest property and casualty insurer in the U.S. based on 2011 direct premiums written as reported by the National Association of Insurance Commissioners.
Liberty Mutual Insurance also ranks 84th on the Fortune 100 list of largest corporations in the U.S. based on 2011 revenue. As of December 31, 2012, Liberty Mutual Insurance had $120.1 billion in consolidated assets, $101.5 billion in consolidated liabilities, and $36.9 billion in annual consolidated revenue.
Liberty Mutual Insurance offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, property, commercial automobile, general liability, global specialty, group disability, reinsurance and surety. Liberty Mutual Insurance (www.libertymutualinsurance.com) employs over 50,000 people in more than 900 offices throughout the world.