Falcinelli Joins LIU to Expand Marine Risk Engineering Services

Liberty International Underwriters (LIU), part of the Global Specialty unit of Liberty Mutual Insurance, announced that Richard Falcinelli has joined the company as vice president, senior manager of marine risk engineering for the Americas. He will have responsibility for LIU’s marine risk engineering team in the U.S., Canada and Latin America.

Falcinelli has 30 years of maritime industry experience including 20 years in management positions ashore. He is a graduate of the Maine Maritime Academy and also holds a master’s degree in international transportation management. He most recently served as executive VP 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,” explained Don Harrell, LIU’s senior VP for its marine business. “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.”

The bulletin said 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.”

Source: Liberty International Underwriters