Director, risk management & insurance
VW Credit
Washington, DC
Though it has been a grueling couple of years for Volkswagen following the diesel emissions scandal, the $1.2 billion settlement by the company was recently deemed “credit positive” by Moody’s Investor Services – no doubt welcome news for Richard Vassar and his colleagues at the automaker’s financial service arm, VW Credit. Vassar joined Volkswagen Group of America in 2008, where he served as risk manager for more than five years before moving to VW Credit in 2013. His career has primarily revolved around “the business end of the insurance transaction,” and in 2009 he received an award for his achievements at Volkswagen Group. Vassar is also the author of the book Hide! Here Comes the Insurance Guy: Understanding Business Insurance and Risk Management.