Victor appoints new president for US specialty

World managing basic underwriter (MGU) Victor has introduced the appointment of Tim McDougald (pictured above) as president of its Victor US specialty underwriting division, efficient instantly.

With a earlier 34-year tenure at Marsh, McDougald has held a number of key management positions, most not too long ago serving because the chief of Marsh’s New England operations for the previous eight years. His earlier roles embrace main the New York Metro Danger Administration group at Marsh.

McDougald’s background within the insurance coverage trade and his management capabilities are set to drive progress, innovation, and expertise growth inside Victor US, the corporate mentioned in a information launch.

In his new function, McDougald will lead the division from Boston, Massachusetts, and can report on to Charles Williamson, CEO of Victor.

Charles Williamson commented on the brand new appointment, praising McDougald because the prime skilled to take over the essential function.

“As we proceed to develop our presence within the US market, Tim McDougald’s confirmed management and powerful service relationships makes him the perfect candidate to steer our US specialty underwriting enterprise,” Williamson mentioned. “His experience and expertise will assist drive robust outcomes for our service companions whereas we proceed to ship modern insurance coverage options for our prospects.”

McDougald additionally expressed enthusiasm for his new function, highlighting the corporate’s dedication to market management and shopper service.

“Victor’s dedication to innovation and powerful shopper focus are unparalleled within the market. I look ahead to collaborating with the proficient group at Victor to ship distinctive insurance coverage options for brokers and their purchasers, and drive success within the market,” McDougald mentioned.

Victor manages over $3.7 billion in premium globally and maintains a community with greater than 20,000 energetic insurance coverage brokers and brokers. The corporate has a world footprint with places of work within the US, Canada, UK, Netherlands, Germany, Italy, and Australia.

Again in December, Williamson additionally spoke with Insurance coverage Enterprise about how his diversified profession trajectory set him up for his function with the MGA and the way he intends to steer the enterprise into new alternatives.

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