Victor appoints new president for US specialty

Global managing general underwriter (MGU) Victor has announced the appointment of Tim McDougald (pictured above) as president of its Victor US specialty underwriting division, effective immediately.

With a previous 34-year tenure at Marsh, McDougald has held several key leadership positions, most recently serving as the leader of Marsh’s New England operations for the past eight years. His previous roles include leading the New York Metro Risk Management team at Marsh.

McDougald’s background in the insurance industry and his leadership capabilities are set to drive growth, innovation, and talent development within Victor US, the company said in a news release.

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

Charles Williamson commented on the new appointment, praising McDougald as the prime professional to take over the important role.

“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 said. “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 also expressed enthusiasm for his new role, highlighting the company’s commitment to market leadership and client 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 said.

Victor manages over $3.7 billion in premium globally and maintains a network with more than 20,000 active insurance agents and brokers. The company has an international footprint with offices in the US, Canada, UK, Netherlands, Germany, Italy, and Australia.

Back in December, Williamson also spoke with Insurance Business about how his diversified career trajectory set him up for his role with the MGA and how he intends to lead the business into new opportunities.

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