Schinnerer Group reveals new operating model and growth strategy
Schinnerer Group, an underwriting manager of specialty insurance programmes, has rebranded as Victor Insurance Holdings.
The Schinnerer Group’s businesses will take up the Victor brand over the next year, and combine to operate as a global entity. This includes 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. Recent Schinnerer Group acquisitions, ICAT and Dovetail Insurance, will also be part of the Victor global business but retain their current names. The company is currently servicing greater than $1 billion in premium.
“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,” said Victor CEO Christopher Schaper.
The company said its new operating model and strategy will be based on four key components - underwriting, technology, distribution and capital. It wants to enhance the underwriting experience with modern data and analytics capabilities; provide cloud-based solutions that enable agents and brokers to quote, bind and issue insurance policies in real time – all in one place; enable a global network of more than 25,000 active insurance agents and brokers; and collaborate with leading insurance carriers and alternative capital providers to offer organisations innovative coverage solutions.
Schaper added: “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.”
Make sure you are GDPR compliant and confirm your email address to keep getting our daily emails
More of today's news
Guy Carpenter taps Goldman Sachs exec to lead capital markets unit
Munich Re creates new key role in innovation strategy
XL Catlin bolsters global excess casualty leadership with Aspen hire
RSA Luxembourg unit gets regulatory approval in Europe; director appointed
Tower Insurance MD departs after 44 years; successor revealed
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze