Victor Insurance Expands into German Market
WASHINGTON D.C. | January 29, 2019 - Victor Insurance, the world's largest managing general underwriter (MGU), is expanding into the German insurance market with the launch of two new offices in Cologne and Frankfurt.
Leveraging its network of regional insurance brokers and on behalf of its chosen insurance carriers, Victor Deutschland will provide insurance solutions to small and mid-sized organizations as well as affinity groups through its market-leading digital platforms and specialized underwriting teams.
Victor will collaborate with a range of brokers and distribution platforms and offer German clients a full range of property and casualty lines. In addition to its underwriting capabilities, Victor will offer clients a dedicated claims and recourse service, where its claims analysts will manage the claims process on behalf of insurers for those policies that are underwritten by the firm.
Victor CEO Christopher Schaper commented: "We are excited to expand Victor Insurance into Germany. The combination of Victor's extensive global product suite and advanced technology capabilities, together with our local expertise, gives us the ability to offer innovative insurance products and services to the German market."
Bernd Knof, Country Manager, Victor Deutschland, added: "Victor Deutschland will deliver specialized insurance products as well as claims and recourse services for our clients. We aim to develop solutions which reflect the rapidly-evolving demands of our brokers and their clients, and help to contribute to their success."
About Victor Insurance
Victor Insurance is the largest managing general underwriter (MGU) in the world with locations in the United States, Canada, United Kingdom, Netherlands and Italy. With deep, specialized underwriting expertise, the company provides a wide range of insurance coverage -- from specialty property and casualty to professional liability to group and retiree benefits. Victor Insurance is committed to building on its long experience to develop products that address risk in new and evolving areas.
Through the use of advanced technology and an innovative approach to matching risk, distribution and capital globally, Victor Insurance is enhancing the way insurance solutions are offered to agents, brokers and insureds making it quicker, easier and more efficient to purchase and write insurance, on behalf of carriers or with alternative capital sources.
Victor Insurance, formerly known as The Schinnerer Group, handles greater than $1 billion in premium on behalf of numerous insurance carriers, through a large network of more than 25,000 active insurance agents and brokers. For more information, visit www.victorinsurance.com.