New York, NY —Falcon Risk Services, an MGA majority owned by HDI Global Specialty, a wholly owned subsidiary of HDI Global SE, is proud to announce the launch of SOAR, a standalone form tailored specifically for insurance agents and brokers. Designed to address the unique risks in the industry, SOAR offers a comprehensive coverage framework that sets a new standard for reliability and service.
Tailored Coverage for Industry Leaders
SOAR caters to a wide range of industry professionals, including Property & Casualty Agents, Wholesale Brokers, and Managing General Agents. Coverage is available on both primary and excess basis, accommodating businesses with commission volumes up to $2 billion for primary. With limits of up to $10 million, SOAR provides extensive financial protection, ensuring peace of mind for Falcon’s insureds.
Key Differentiators
- A+ Rated by AM Best
- Experienced, in-house claims expertise
- Ability to quickly craft bespoke policy wording
A Solution for the Future of Professional Liability
Edward Perrine, SVP - Head of Professional Liability at Falcon Risk Services, emphasizes the importance of SOAR’s launch: "In a rapidly evolving industry, SOAR is designed to meet the specialized needs of insurance professionals. Its tailored policy language and superior financial backing make it a game-changer in professional liability coverage."
For more information or to request coverage, please contact Edward Perrine at 908.433.4667 or email edward.perrine@falconriskservices.com.
For media inquiries, please contact:
John Merchant
EVP, Cyber & Professional Liability
Falcon Risk Services
+1 347-866-5159
john.merchant@falconriskservices.com
About Falcon Risk Services
Falcon Risk Services, an HDI Company, is a leading provider of specialty underwriting and claims solutions, with a strong focus on Cyber and Technology E&O Coverage. As part of the Talanx Group, Germany's third-largest insurer, Falcon combines extensive experience with data-driven analysis to address emerging risks across a wide range of products and market segments.
Falcon is headquartered in New York City, with operations in Atlanta, Boston, Chicago, Houston, Philadelphia, Phoenix, Portland, and San Francisco.
https://www.falconriskservices.com/
About HDI Global SE (HDI)
Corporate & Specialty insurer HDI Global SE (HDI) meets the needs of SMEs, larger companies, middle market and corporate clients with insurance solutions that are specifically tailored to their requirements. In addition to HDI's prominent position in the German and broader European market, the company has access to its own worldwide HDI Global Network covering more than 175 countries through its own HDI foreign branch offices, subsidiaries, affiliated companies, and network partners. Acting as the Partner in Transformation, HDI Global SE leads more than 5,100 International Programmes and offers its multinational customers compliant coverage worldwide.
HDI Global SE is the Corporate & Specialty Division of the Talanx Group and has been a leading insurer for several decades. Approximately 5,000 employees in this division generated insurance revenue (gross) of approx. EUR 9.1 billion in the year 2023 (according to IFRS 17).
The rating agency Standard & Poor’s has given the Talanx Primary Group a financial strength rating of A+/stable (strong) and AM Best has assigned the A+ Rating. Talanx AG is listed on the Frankfurt Stock Exchange in the MDAX.
Disclaimer
This news release may contain forward-looking statements which are based on certain assumptions, expectations and opinions of the Talanx AG and/or HDI Global SE management. These statements are, therefore, subject to certain known or unknown risks and uncertainties. A variety of factors, many of which are beyond Talanx AG’s and/or HDI Global SE’s control, affect Talanx AG’s and/or HDI Global SE’s business activities, business strategy, results, performance and achievements. Should one or more of these factors or risks or uncertainties materialize, actual results, performance or achievements of Talanx AG may vary materially from those expressed or implied in the relevant forward-looking statement. Talanx AG and HDI Global SE do not guarantee that the assumptions underlying such forward-looking statements are free from errors nor accept Talanx AG and/or HDI Global SE any responsibility for the actual occurrence of the forecasted developments. Talanx AG and/or HDI Global SE neither intend, nor assume any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.