Marsh picks ex-AIG veteran as new CEO of global MGU business
Global broker Marsh has hired a new chief executive officer (CEO) for its global managing general underwriting business Victor. The executive served nearly 25 years in various executive roles at AIG, and co-founded reciprocal insurance exchange Vault.
Charles Williamson has been appointed as new CEO of Victor, Marsh’s global MGU, succeeding Brian Hanuschak, who has been named chairman. The appointments are effective August 1.
As CEO, Williamson will lead operations for all of Victor's businesses in the US, Canada, UK, Netherlands, Italy, Germany and Australia. Based in New York, he will report to Martin South, president and CEO, Marsh.
Williamson has 30 years of insurance underwriting experience, with nearly 25 years spent at AIG in various executive roles, including president of consumer lines Americas. Most recently, he served as co-founder and CEO of Vault, a managing general agency and reciprocal insurance exchange serving high-net-worth individuals.
As chairman of Victor, Hanuschak will continue to be based in Chevy Chase, Maryland, and become a strategic advisor to Victor’s leadership team, working closely with Williamson to ensure a smooth transition for colleagues and clients.
South said: “Charles is an outstanding leader with deep underwriting, distribution, and product development expertise. Under his leadership, Victor will be well-positioned to support carriers and agents around the world with cutting-edge digital distribution and underwriting platforms. I would also like to recognize Brian for his exceptional contribution in leading Victor and thank him for his continued support.”
Williamson added: “Victor’s advanced technology and innovative approach to matching risk, distribution, and capital, is second to none. I look forward to leading Victor’s exceptional global team as we continue to build industry-leading underwriting programs and insurance solutions for our distribution partners.”
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