Tim McDougald, seen above, has been named president of the Victor US specialty underwriting division, effective immediately, by global managing general underwriter (MGU) Victor.
Over the course of his 34 years with the company, McDougald has been in a number of pivotal leadership roles, the most recent of which was eight years as head of Marsh’s operations in New England. He was formerly the head of Marsh’s New York Metro Risk Management group.
According to a press statement from Victor US, the firm is excited to have McDougald on board because of his leadership skills and experience in the insurance industry. He will be responsible for driving growth, innovation, and talent development.
From his base in Boston, Massachusetts, McDougald will oversee the division as its new head, reporting directly to Victor CEO Charles Williamson.
Charles Williamson sent his congratulations on the appointment, stating that McDougald is the ideal candidate to assume the position’s critical responsibilities.
According to Williamson, Tim McDougald is the perfect choice to head up the US specialty underwriting business because of his track record of success and excellent relationships with carriers. This is especially true as the company’s footprint in the US market is expanding. “Our carrier partners will benefit from his knowledge and experience, and our customers will continue to receive cutting-edge insurance solutions.”
McDougald was quite enthusiastic about his new position, which he used to emphasize the firm’s dedication to customer service and market leadership.
Victor’s commitment to innovation and focus on the customer sets him apart from competitors. In a statement, McDougald expressed his excitement about joining the Victor team. He believes that together, they can provide brokers and their clients with first-rate insurance solutions, which will result in increased market success.
Victor oversees a network of over 20,000 active insurance agents and brokers, managing premiums totaling over $3.7 billion on a global scale. The corporation has branches all over the world, including those in the United States, Canada, the United Kingdom, the Netherlands, Germany, Italy, and Australia.
In a December interview with Insurance Business, Williamson discussed his varied professional background, how it prepared him for his position with the MGA, and his plans to steer the company into exciting new opportunities.
