Victor appoints new president for US specialty

Global 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 embody main the New York Metro Risk Management workforce at Marsh.

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

In his new position, 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 necessary position.

“As we continue to grow our presence in the US market, Tim McDougald’s proven leadership and strong carrier relationships makes him the ideal candidate to lead our US specialty underwriting business,” Williamson stated. “His expertise and experience will help drive strong results for our carrier partners while we continue to deliver innovative insurance solutions for our customers.”

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

“Victor’s commitment to innovation and strong client focus are unparalleled in the marketplace. I look forward to collaborating with the talented team at Victor to deliver exceptional insurance solutions for brokers and their clients, and drive success in the marketplace,” McDougald stated.

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 firm has a global footprint with places of work within the US, Canada, UK, Netherlands, Germany, Italy, and Australia.

Back in December, Williamson additionally spoke with Insurance Business about how his diversified profession trajectory set him up for his position with the MGA and the way he intends to guide the enterprise into new alternatives.

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