Vantage Announces Launch of Construction and Political Risk Activities and Expanded Distribution Capabilities | Business
HAMILTON, Bermuda – (BUSINESS WIRE) – Sep 23, 2021–
Vantage Group Holdings Ltd. (Vantage) is pleased to announce the launch of its construction business, the continued momentum of its political risk business and the expansion of Vantage’s distribution capabilities.
Vantage was established at the end of 2020 and began underwriting reinsurance risks on January 1, 2021, through its Class 4 Bermuda company, Vantage Risk Ltd. The Bermuda carrier has since expanded its offering to include certain insurance products. In the United States, Vantage has launched an American excess line carrier, Vantage Risk Specialty Insurance Company, which allows underwriting certain American risks on the highest rated A- (Excellent) / Financial Size Category XII AM papers.
Commenting on Vantage’s continued growth, CEO Greg Hendrick said, “It is exciting to see our business plan take shape as we welcome new talent and develop our capabilities across the Vantage business. Our team is very dynamic and brings creativity to the way we develop our businesses, and this is proving to be very well received by clients and brokers.
Jason Lamonica has joined the Vantage team to lead the construction insurance business in the United States, bringing exceptional experience in all aspects of the P&C insurance industry, most recently as Head of the Profit Center default insurance for subcontractors at AXA XL. Its long-standing industry relationship spans over 25 years with producers and construction clients, including most ENR 400 general contractors in the United States and Canada. By combining the insights generated by his broad spectrum of product leadership, production management and profitability analysis, Jason provides new insights and clear risk assessments for our customers. He holds a Bachelor of Business Administration from St. John’s University.
Joining Jason is Megan Fletcher, Senior Vice President and Head of Construction – Subcontractor Failure Insurance, and Lawrence Lejfer, Senior Vice President and Head of Construction and Construction Professionals Insurance Lines. pollution. Both have over 15 years of experience, most recently with AXA XL.
Dan Riordan joined Vantage in May 2021 as Global Head of Political Risk and Credit and has already started building a team of trusted experts. Dan brings over 30 years of experience having held leadership positions at AXA XL, Zurich and the US Overseas Private Investment Corporation. He received a Bachelor of Arts in Political Science and African Studies from the State University of New York College in Oswego and a Master of Arts in International Development from American University.
Dan is backed by a team of proven leaders with decades of experience in political and credit risk underwriting, including Richard Abizaid, Javier Gomez and Jamie Brache as Vice Presidents and Senior Underwriters, supported by Lila Granda as as Senior Risk Manager. Bringing innovative capabilities and broad capabilities to high demand countries, Dan and his team are well aligned to deliver Vantage’s mission and strategic growth plans. They partner with select clients to underwrite innovative and tailor-made solutions using the latest cutting-edge technology, data and expertise to advance economic investment and development around the world. Clients include government agencies, multilateral development banks, global financial institutions and leading corporations.
Commenting on the results achieved so far, Dan Riordan said: “With the expertise of our team in underwriting innovative solutions for our clients, we are well positioned to develop the Vantage portfolio of political risk and credit insurance. and help our customers trade and operate across the world. . We have been well received in the market and look forward to building long term relationships with our broker partners and clients in the months and years to come.
Vantage also welcomes Dane Lopes as Commercial Director, Insurance, to lead our insurance distribution and client management efforts, as well as to support marketing and communications across the group. Dane has held similar leadership roles within the Everest Re Group, after more than 25 years of sales, marketing and business transformation experience. He holds a Bachelor of Science in Mechanical Engineering from Syracuse University and an MBA in Marketing from Seton Hall University.
Greg Hendrick added, “Dane’s role will allow us to refine our distribution capabilities across the company. I am very excited to continue to develop our partnership approach for our business, and Dane’s skills and experience will be a huge asset to Vantage as we grow beyond our inaugural year as d / specialized insurer.
Vantage Group Holdings Ltd. (Vantage) is a re / insurance partner designed for the future. Driven by unceasing curiosity, our team of trusted experts brings a fresh perspective to our clients’ risks. We add creativity to technological efficiency and robust analytics to deal with the risks others avoid.
The Carlyle Group and Hellman & Friedman, global investment firms with a successful track record and experience in the re / insurance industry, are leading investors.
The information contained in this document does not constitute an offer to sell or a solicitation to buy any particular insurance product. No insurance product is offered or will be sold in any state or jurisdiction in which such offering or solicitation would be illegal under the laws of that state or jurisdiction. Vantage Risk Specialty Insurance Company is not licensed in all states and products are only available through a licensed surplus line broker. Vantage Risk Ltd. is not authorized, or otherwise authorized, to conduct business in the United States and does not engage or transact in the United States. The business is written in Vantage Risk Ltd. through Bermuda brokers only. Insurance policies issued by these entities are neither protected nor guaranteed by state insurance guarantee associations or insolvency funds.
For more information, please visit www.vantagerisk.com
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CONTACT: Meridith Bridge, [email protected]
KEYWORD: IRELAND UNITED KINGDOM EUROPE BERMUDA CARABES
INDUSTRY KEYWORD: DATA MANAGEMENT BANKING TECHNOLOGY CONSTRUCTION & REAL ESTATE PROFESSIONAL SERVICES PUBLIC RELATIONS / INVESTORS MARKETING COMMUNICATION INSURANCE OTHER CONSTRUCTION & REAL ESTATE FINANCING
SOURCE: Vantage Group Holdings Ltd.
Copyright Business Wire 2021.
PUB: 23/09/2021 09h00 / DISC: 23/09/2021 09:02
Copyright Business Wire 2021.