Maryland-headquartered Managing General Underwriters (MGU) The Schinnerer Group has officially been rebranded as Victor.
The move is part of a wider strategy that includes The Schinnerer Group’s businesses – Victor O. Schinnerer & Company in the US, ENCON in Canada, Bluefin Underwriting in the UK, Mees & Zoonen in Italy and the Netherlands and Schinnerer’s operation in Bermuda – taking up the Victor name over the next year.
Recent Schinnerer Group’s recent acquisitions, ICAT and Dovetail Insurance, will also be part of the Victor global business but retain their current names.
Additionally, a restructuring of Victor’s operating model, which will see a combining of analytics, underwriting and technology capabilities, is to be overseen by the firm’s Chief Executive Officer (CEO), Christopher Schaper.
“By unifying our companies under a global brand and combining capabilities in analytics, underwriting and technology, we will be able to more quickly offer innovative insurance products and services to our clients around the world,” commented Schaper.
He concluded, “Disruption in the insurance industry creates an opportunity for a new approach to the business. Through advanced technology and an innovative global approach to risk analysis, distribution and capital, Victor is well positioned to succeed in the changing environment, building our business organically and through strategic acquisitions.”
