By Mia MacGregor

June 11 - (The Insurer) - Marsh-owned global MGU Victor Insurance has launched Victor extended warranty, a new offering led by Sunjay Patel that provides underwriting services to (re)insurers for extended warranty products.

The offering targets original equipment manufacturers (OEMs) across various sectors, including internal combustion engine $(ICE)$ and electric vehicles, motorbikes, scooters, light commercial vehicles (LCVs), vans, trucks, and tire protection.

Victor extended warranty offers fee-based services such as the development and annual review of underwriting and claims management services for (re)insurers looking to establish their own extended warranty solutions.

Additionally, Victor appointed Sunjay Patel as managing director of the extended warranty team.

Based in London, Patel will oversee the management and strategic direction of Victor Extended Warranty. He brings 25 years of experience in the insurance industry, most recently serving as head of underwriting at White Oak Underwriting Agency Limited for 14 years.

Earlier this week, Victor announced the launch of a new environmental liability and on-site clean-up insurance program in collaboration with Aspen Insurance.