(Image source: Victor Insurance homepage.)
Victor Insurance Holdings (Bermuda), the world’s largest managing general underwriter (MGU), today announced the appointment of Anthony Stevens as President of Victor International, effective immediately. In this role, Stevens is responsible for advancing Victor’s insurance strategy outside of North America with a specific focus on innovative insurance products and digital solutions.
Stevens succeeds Paul Drake, who previously announced his plans to retire from the firm in September. Drake will continue to lead Victor in the U.K., pending the appointment of a successor. Stevens is based in London and reports to Christopher Schaper, CEO, Victor Insurance Holdings.
Stevens was previously Head of International Development for Marsh’s Global Risk and Digital division, a position he held since October 2017. He brings a unique expertise in technology, strategy and international growth to this new role, having worked throughout Europe and Asia-Pacific on the carrier, brokerage, and consulting sides of the industry. Before joining Marsh in 2014, he held senior roles at RSA and Oliver Wyman.
“A technology-driven leader, Anthony’s extensive experience in building next-generation commercial insurance distribution models, as well as international development, make him ideally suited to drive Victor International’s ambitious growth plans,” comments Schaper. “I would like to take this opportunity to thank Paul for his considerable contributions not only to our firm, but the wider insurance industry during his 40-year career. On behalf of Victor, I wish him the very best in his retirement.”
New Breed of MGU
“Technology, data, and analytics are globally revolutionizing the way in which the insurance industry transacts business, and managing general underwriters are at the forefront of this transformation,” comments Stevens. “Victor is a new breed of MGU, and is now well established in numerous markets including the UK and across Continental Europe. I’m excited to develop new opportunities incorporating innovative insurance products and digital solutions throughout the international insurance market.”
Formerly known as The Schinnerer Group, Victor Insurance Holdings, with locations in the U.S., Canada, U.K., Bermuda, Netherlands, Germany, Italy and Australia, handles more than $1.5 billion in premium on behalf of numerous insurance carriers, through a large network of more than 25,000 active insurance agents and brokers. The company provides a wide range of insurance coverage, from specialty property and casualty and professional liability insurance to group and retiree benefits.