IFG Companies hired Michael G. Vought as president of Excess and Umbrella. He will be based in IFG’s New York City office and will be responsible for building and leading IFG’s Excess and Umbrella business through a network of offices across the U.S.
Vought joins IFG after eight years with Markel Corp., where he served as a managing director and product line leader for Excess and Umbrella and Primary Brokerage Casualty. While at Markel, he was responsible for the units’ operating results. In addition, he oversaw the integration of Alterra’s Excess Casualty group when Alterra was acquired by Markel in 2013.
Founded in 1985, IFG provides property/casualty insurance on both a non-admitted basis and an admitted basis. It currently has five principal business units: Brokerage GL, Excess and Umbrella, Binding Authority, Submit and Brokerage Property. Coverages are underwritten by IFG’s affiliated insurers: The Burlington Insurance Co., First Financial Insurance Co., Alamance Insurance Co. and Guilford Insurance Co.
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