Richard Turner Appointed as International Head of Marine, Victor Insurance
Victor Insurance, the world's largest managing general underwriter (MGU), today announced the appointment of Richard Turner as International Head of Marine, effective immediately. In this newly created role, Mr. Turner will be responsible for driving Victor's international marine business with a specific focus on innovative, data- and analytics-driven insurance products and solutions. Mr. Turner is based in London and reports to Anthony Stevens, President, Victor International.
Mr. Turner will remain in his role as President of the International Union of Marine Insurance (IUMI), of which he is the first British President in its 146-year history. He has previously held multiple senior roles at RSA Insurance Group plc, including CEO of RSA Luxembourg, Director of Global Risk Solutions Europe, and Global Marine Director.
Commenting on the appointment, Mr. Stevens said: “Richard is a proven global leader with deep underwriting and commercial experience across multiple classes of business. He brings an acumen in how technology, data and analytics can transform insurance and risk management, and I expect he will deliver value to Victor's clients in the in the marine and cargo industry.”
Mr. Turner added: “The increased use of data and further digtalisation have the capability to be catalysts for tremendous change in the management of risk in the marine industry. During my time as President of IUMI, I have been articulating the opportunities available to firms around the world to address increased risk challenges through the greater use of technology. I am glad to be joining Victor Insurance, a company at the forefront of this innovative thinking, at such a crucial time for the industry. I look forward to working with them to further develop our marine insurance offering across the group.”
Victor Insurance Holdings is the world's largest managing general underwriter with locations in the US, Canada, UK, Netherlands, Germany, Italy, and Australia. It handles more than $1.6 billion in premium on behalf of numerous insurance carriers, through a large network of more than 25,000 active insurance agents and brokers. With deep, specialized underwriting expertise, the company provides a wide range of insurance coverage – from specialty property and casualty and professional liability insurance to group and retiree benefits. Victor Insurance is committed to building on 60-plus years of experience to develop products that address risk in new and evolving areas. For more information, visit www.victorinsurance.com.