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 crew at Marsh.

McDougald’s background within the insurance coverage business 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 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 proceed to develop our presence within the US market, Tim McDougald’s confirmed management and robust service relationships makes him the best 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 clients.”

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

“Victor’s dedication to innovation and robust shopper focus are unparalleled within the market. I stay up for collaborating with the gifted crew at Victor to ship distinctive insurance coverage options for brokers and their shoppers, 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 lively insurance coverage brokers and brokers. The corporate has a global footprint with workplaces 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 position with the MGA and the way he intends to steer the enterprise into new alternatives.

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