Victor
- Company typePrivate
- Founded1959
- HeadquartersWashington, United States
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
Victor firmographics
Firmographics- Name
- Victor
- Legal name
- Victor Insurance Managers LLC
- Website
- https://victorinsurance.com
- Company type
- Private
- Founded year
- 1959
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Ownership category
- akta.pro rank
Victor industry classification
Industry- Product category
- Managing General Underwriting and Specialty Insurance
- NAICS
- Insurance Carriers and Related Activities (524)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Insurance Program Administration & MGA/MGU Services (FSAEADAK)
- akta.pro secondary industries
- Professional Liability (E&O) (FSAJAGAC), Professional Liability (E&O) Reinsurance (FSAOADAH), Dealer-Sold & F&I Administered Service Contracts (Dealer Obligors) (FSAJALAD), Directors & Officers (D&O) Liability (FSAJADAF)
Keywords
Where Victor is headquartered
LocationHeadquarters
- HQ city
- Washington
- HQ country
- United States
- HQ region
- North America
Offices13 records
Markets served
Victor business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Managing General Underwriting (MGU) Fees: Victor operates as a managing general underwriter, generating revenue through underwriting fees and commissions from insurance carriers. They handle premium on behalf of insurance and reinsurance relationships, providing specialized underwriting expertise, administration, and distribution.
- Capacity and Reinsurance Arrangements: Revenue generated through quota share, layered arrangements, and reinsurance partnerships with carriers. Victor provides access to top-tier insurers and alternative capital providers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Individual Travel Insurance - Flexible multi-trip and single-trip plans with up to $10 million in coverage |
| Subscription | Monthly | Life Insurance - Guaranteed acceptance for ages 50-80 with coverage from $5,000 to $20,000 |
| Subscription | Monthly | RecoverEase Insurance - Cash benefit plan for recovery expenses with up to $2,400 per accident or illness |
| Subscription | Monthly | Health & Dental Insurance - Comprehensive coverage for prescription drugs, medical supplies, paramedical services and vision care |
| Subscription | Annual | Annual Travel Insurance - Basic Plan (emergency medical) and Premium Plan (with trip cancellation/interruption) |
Go-to-market motion2 records
Distribution channels8 records
Marketing channels5 records
Victor product offering
Product offeringCore offering
Victor is a global managing general underwriter (MGU) that underwrites, administers, and distributes specialty insurance products on behalf of insurance carriers through a network of 20,000+ brokers. It handles approximately $3.7 billion in annual premiums across specialty P&C, catastrophe, cyber, professional liability, and Canadian retiree benefit lines, and supports brokers with proprietary digital platforms (V², V+, Group Benefits Connect) for quoting, binding, and policy issuance.
Product overview
Victor is a leading global managing general underwriter (MGU) offering a comprehensive insurance portfolio through multiple platforms and subsidiaries. The company operates digital platforms including V² for broker policy quoting/binding/issuing, V+ for retiree benefits management, and Group Benefits Connect for group benefits administration. Victor's insurance solutions span specialty property and casualty (automotive, builders risk, contractors equipment, cyber, flood, real estate E&O, storage tank liability), with Canadian offerings in health, dental, life, and travel insurance for retirees aged 50+. Key subsidiaries include ICAT (catastrophe property insurance), ProWriters (cyber/professional liability), and Torrent Technologies (flood insurance). Victor also offers wholesale distribution through Victor Access and recently launched Victor Extended Warranty globally and environmental/storage tank liability coverage. The company handles $3.7+ billion in annual premiums across US, Canada, UK, Netherlands, Italy, Germany, and Australia.
Differentiator
Problem solved
Functional benefit
Brands
- Victor Insurance Exchange: Reciprocal exchange affiliate offering property catastrophe insurance to businesses and individuals
- ICAT
- Torrent Technologies
- ProWriters
Products and services
- V² (V Squared) Digital Broker Platform Digital platform enabling insurance brokers to quote, bind, and issue policies in minutes. Provides 24-hour access for brokers to manage insurance business for US property and liability insurance.
- V+ Retiree Benefits Portal Online portal for Canadian retirement insurance policyholders to manage policies, review coverage, submit changes, download forms, and access services, targeted at Canadian retirees and seniors.
- Group Benefits Connect Portal Always-on, on-demand hub for group benefits plan advisors, administrators, and plan members with forms, claims services, and wellness resources for Canadian group benefits customers.
- Victor Health & Dental Insurance Comprehensive health and dental insurance for prescription drugs, medical supplies, paramedical services, and vision care, with guaranteed acceptance for Canadians aged 50+ within 90 days of employer-sponsored benefits termination. Underwritten by The Manufacturers Life Insurance Company (Manulife).
- Victor Individual Travel Insurance Individual travel insurance offering multi-trip and single-trip plans with up to $10 million in coverage for Canadians, including multi-trip annual plans, single-trip all-inclusive plans, trip cancellation and interruption coverage, and Canada plan options. Underwritten by Manulife.
- Victor Life Insurance Life insurance with guaranteed acceptance for Canadians aged 50-80, with coverage from $5,000 to $20,000 in either individual or Joint and Survivor coverage. Premiums stop at age 90. Underwritten by The Manufacturers Life Insurance Company (Manulife).
- Victor RecoverEase Insurance Cash benefit insurance covering out-of-pocket expenses during recovery from illness or injury for Canadians aged 50-80. Provides $600/month for up to 6 months after a 3+ day hospital stay, $150/week outpatient surgery benefits, home nursing, transportation, and fracture benefits. Underwritten by Industrial Alliance Insurance and Financial Services Inc.
- Automotive Dealerships Insurance Specialized insurance coverage for automotive dealerships, addressing the unique risks of dealer operations through US broker distribution.
- Builders Risk Insurance Insurance coverage for construction projects during the building phase, with increased maximums of up to $8 million for frame/joisted masonry and up to $15 million for non-combustible projects through BHSI capacity partnership.
- Contractors Equipment Insurance Insurance coverage for contractors equipment with coverage maximums of $10 million, brought to market in 2023 in collaboration with BHSI.
- Victor Cyber Insurance Specialized cyber risk insurance coverage delivered through US broker distribution and ProWriters subsidiary.
- Victor Flood Insurance Flood insurance solutions delivered through Torrent Technologies' NFIP Write Your Own programs and private flood insurance options for homeowners and businesses across the US.
- Victor Real Estate Errors & Omissions (E&O) Insurance Professional liability insurance for real estate professionals with enhanced coverage for cyber network damage, discrimination, bodily injury, and TCPA/Dodd-Frank regulatory matters, plus rate reductions, available across the US via the V² platform.
- Victor Storage Tank Liability Insurance Environmental liability and on-site clean-up insurance for US small businesses with underground and above ground storage tanks, offering up to $5 million in limits across all US states and Washington, D.C., developed in collaboration with Aspen Insurance.
- Victor Extended Warranty Global extended warranty underwriting services for insurers and reinsurers, covering OEM for ICE and electric vehicles, motorbikes, scooters, LCVs, vans, trucks, and tire protection, with fee-based development and annual review of underwriting and claims management.
- Contractors All Risks (CAR) Insurance (UK) Contractors All Risks insurance product in the UK for contractors and subcontractors with up to £20 million in annual revenue, offering policy maximums up to £10 million per construction project and including coverage for defective design, BIM licensing, BREEAM certification, and technology-based monitoring tools. Developed with HSB.
- Victor Property Owners (UK) Flexible property owners insurance in the UK consolidating three existing products, targeting single properties to larger property portfolios with coverage maximums up to £15 million per location, utilizing advanced data enrichment. Available through Victor for Brokers digital platform and Acturis platform.
- Victor Canada Property & Liability Insurance Professional liability and construction insurance for individuals and organizations across Canada, developed and administered exclusively through licensed insurance brokers.
- Victor Group Benefits Group benefits coverage for independent businesses and organizations in Canada, administered through the Group Benefits Connect portal.
- ICAT Catastrophe Property Insurance US property catastrophe insurance managing general agency underwriting wind and earthquake property insurance for businesses and homeowners in 42 US states through ICAT subsidiary.
- ProWriters Cyber, Professional and Management Liability Cyber, professional, and management liability insurance in the US, delivered through the ProWriters brand operating as a wholly-owned Victor subsidiary.
- Torrent Technologies Flood Insurance Technology and Services Flood insurance technology and services business supporting NFIP Write Your Own carriers and private flood insurance options for homeowners and businesses across the US, delivered through Torrent Technologies.
- Victor Access Wholesale Brokerage Victor's wholesale brokerage operating in the US Excess and Surplus (E&S) marketplace, providing wholesale-only distribution for hard-to-place risks, led by John (Jack) Sallada.
Quantifiable outcome
- 20,000+ active insurance agents and brokers served globally
- +2 more outcomes
Companies that use Victor
Customer profileNamed customers1 record
Segments5 records
Ideal customer profiles5 records
Victor technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature4 records
Victor partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core.
- HSBcoreHSB, an A-rated specialist engineering and technology insurer, partnered with Victor Insurance UK to develop Contractors All Risks (CAR) Insurance product. Coverage maximums up to £10 million per construction project targeting contractors and subcontractors with up to £20 million in annual revenue.
- Aspen InsurancecoreCollaboration with Aspen Insurance to develop environmental liability and on-site clean-up insurance program for US small businesses with underground and above ground storage tanks. Program offers up to $5 million in limits for businesses in all US states and Washington, D.C.
- Berkshire Hathaway Specialty Insurance (BHSI)coreBHSI provides capacity for Victor's builders risk and contractors equipment insurance programs. Victor's builders risk program offers increased coverage maximums up to $8 million for frame and joisted masonry and up to $15 million for non-combustible building projects. BHSI has been providing capacity for Victor's builders risk program since 2021 and collaborated to bring the contractors equipment product to market in 2023.
- The Manufacturers Life Insurance Company (Manulife)coreManulife underwrites Victor's health, dental, life, and travel insurance products in Canada. Products include Victor Annual Travel Insurance Plan, Health & Dental Insurance, and Life Insurance for retirees aged 50-80.
- Industrial Alliance Insurance and Financial Services Inc.coreIndustrial Alliance underwrites Victor's RecoverEaseSM Insurance, a cash benefit plan for out-of-pocket expenses during recovery from illness or injury for Canadians aged 50-80.
- 50+ Insurance CarrierscoreVictor has established over 50 long-term carrier relationships spanning quota share, layered arrangements, carrier pools/panels, exclusives, and reinsurance. Provides carriers with access to Victor's specialized underwriting expertise and broad distribution networks.
Scale indicators9 records
Recent moves6 records
Expansion highlights5 records
Victor competitors and assessment
Company assessmentDirect peers
- Amwins: Largest US specialty wholesale distributor and MGU, operating across professional lines, property, casualty, and healthcare. Direct peer to Victor given similar MGU/wholesale model, broker distribution focus, and Marsh-adjacent competitive positioning in specialty lines.
- Ryan Specialty: Publicly-traded specialty insurance organization combining wholesale brokerage, MGU operations (Ryan Specialty Underwriting Managers), and delegated authority services. Closest publicly-disclosed comparable to Victor in terms of MGU scale, specialty focus, and broker-centric distribution model.
- RPS (Risk Placement Services): Major US wholesale broker and MGU (part of Arthur J. Gallagher) offering specialty P&C, professional lines, and personal lines through delegated authority arrangements. Directly comparable to Victor given multi-line MGU model and broker distribution across specialty markets.
- CRC Group: Wholesale brokerage and MGU platform owned by Truist Insurance Holdings, providing specialty P&C, professional liability, and surety across the US. Comparable to Victor in terms of wholesale/MGU focus, product breadth, and reliance on delegated authority from carrier partners.
- Burns & Wilcox: Specialty insurance wholesaler and MGU (part of H.W. Kaufman Group) with extensive broker network across the US, Canada, and UK. Directly comparable to Victor given specialty wholesale model, multi-line product portfolio, and broker distribution focus.
- Brown & Riding Insurance Services: National wholesale insurance brokerage and MGU offering specialty property, casualty, professional lines, and personal lines through delegated authority. Comparable to Victor in specialty wholesale distribution and carrier partnership model.
Emerging players
- ProSight Specialty Insurance: Specialty property and casualty insurer/MGU serving niche commercial markets including professional liability, surety, and accident & health. Comparable to Victor given specialty P&C focus and use of delegated authority arrangements with brokers.
- ICW Group (Insurance Companies of the West): Specialty commercial insurer serving contractors, auto, and property-exposed businesses through independent agents. Partial overlap with Victor's construction and specialty P&C lines and similar broker distribution focus.
- Accelerant Holdings: Data-driven MGU platform enabling specialty underwriting through delegated authority and risk exchange model. Comparable to Victor given MGU/delegate authority structure, technology-enabled underwriting, and focus on specialty lines where traditional capacity is constrained.
Broad incumbents
- Markel Specialty: Specialty insurer with E&S, professional liability, and reinsurance capabilities through Markel Specialty division. While Markel retains underwriting balance sheet unlike Victor, its specialty product portfolio and broker distribution overlap significantly with Victor's offerings.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Victor social profiles
Digital presenceVictor financial estimates
Financial estimateRevenue estimate
Valuation estimate
Victor leadership team
Management profileNumber of profiles
Profiles15 records
Victor subsidiaries and ownership
Company hierarchySubsidiaries6 records
Victor funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Victor M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Victor
What does Victor do?
Victor is a global managing general underwriter (MGU) that underwrites, administers, and distributes specialty insurance products on behalf of insurance carriers through a network of 20,000+ brokers. It handles approximately $3.7 billion in annual premiums across specialty P&C, catastrophe, cyber, professional liability, and Canadian retiree benefit lines, and supports brokers with proprietary digital platforms (V², V+, Group Benefits Connect) for quoting, binding, and policy issuance.
Is Victor a public or private company?
Victor is a private company. It is classified as corporate owned and is currently operating.
When was Victor founded?
Victor was founded in 1959. It employs 501 to 1,000 people.
Where is Victor based?
Victor is headquartered in Washington, United States, in the North America region.
How does Victor make money?
Two revenue lines are on record. Managing General Underwriting (MGU) Fees are the primary driver. The others are capacity and Reinsurance Arrangements.
Who are Victor's main competitors?
Direct peers on record are Amwins, Ryan Specialty, RPS (Risk Placement Services), CRC Group, Burns & Wilcox and Brown & Riding Insurance Services. Emerging players are ProSight Specialty Insurance, ICW Group (Insurance Companies of the West) and Accelerant Holdings. Markel Specialty is listed as a broad incumbent.
Does Victor have an API?
No public API is recorded for Victor.
What industry is Victor in?
Victor's product category is Managing General Underwriting and Specialty Insurance. Its primary akta.pro industry code is FSAEADAK, Insurance Program Administration & MGA/MGU Services, with a secondary code of FSAJAGAC, Professional Liability (E&O). Its NAICS code is 524 and its SIC code is 6411.