Brit transfers its cargo business to Falvey

Will Frohne and Yasu Saegusa have left Brit to join Falvey Cargo as underwriters, as part of a deal that saw Brit Global Specialty USA (BGSU) transfer the renewal rights for its cargo business to Falvey Cargo Underwriting (FGU).

Brit believes Falvey is a better strategic fit for its cargo business, as it focuses its growth around core products that it believes present the best opportunities to deliver growth and returns. .

Will Frohne has almost 22 years of experience in both the marine re/insurance space, with a background in cargo.  He has held various senior positions on both the underwriting and broking side with RSA, Marsh, Willis Re, Allianz and Brit, where he was senior vice president of marine, responsible for growing its presence in the US cargo market.

Yasu Saegusa has over 16 years of experience in cargo underwriting, having held multiple senior underwriting and management positions with AIG's Tokyo, New York, and Los Angeles offices. At Brit Saegusa was vice president of marine, focusing on developing Brit's cargo book on the West Coast and supporting growth of the national cargo portfolio.

Mike Falvey, president and chief executive of FGU, said: "Falvey is committed to making the transition seamless for brokers formerly working with Brit."