Speciality re/insurance group Vantage has secured an additional $200m capital from funds managed by Carlyle and Hellman & Freidman to drive its growth.

The company said that it will use most of proceeds to create new opportunities in its US insurance platform.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

In addition to funding, Vantage also closed the acquisition of Heritage Casualty Insurance Company from Union Fidelity Life Insurance Company (UFLIC).

Vantage CEO Greg Hendrick said: “We are pleased to have closed on the purchase of Vantage Risk Assurance Company. Work is ongoing to complete the necessary filings to enable Vantage to offer admitted products later this year.”

The acquired entity, is now rebranded as Vantage Risk Assurance Company, is expected to help the firm complete the development of its insurance platform.

Hendrick further said: “We will have capabilities to assume risk on US admitted and non-admitted paper, as well as in our Bermuda entity. We are also pleased to be entering our second full year of reinsurance underwriting in Bermuda, having successfully launched that business in 2021.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“We look forward to continuing to expand the ways we are helping our clients and brokers solve their most pressing (re)insurance challenges with this complete platform in place.”

Vantage provides a spectrum of specialty re/insurance products, which covers global risks through its operating subsidiaries. These include niche property and casualty classes.

Last year, the firm bought an Illinois-based domestic surplus lines insurance company with operating license in 47 US states.