Vantage Expands Into Healthcare, Excess Casualty in Bermuda, U.S.

Bermuda’s Vantage Group Holdings Ltd. is introducing new product offerings in healthcare and excess casualty.

Vantage was established in late 2020 and began writing reinsurance risk on January 1, 2021, through its Bermuda company, Vantage Risk Ltd. Vantage has since expanded its offerings to include select insurance products in the U.S. and launched a U.S. surplus lines carrier, Vantage Risk Specialty Insurance Co.

Denise Watkins, who joined Vantage in June 2021, will head the excess casualty and healthcare Insurance business in Bermuda. She brings 23 years of relevant U.S. and Bermuda underwriting experience, most recently as a senior vice president at Sompo International in Bermuda.

Watkins has assembled an underwriting team at Vantage that included Cherie Edwards and Samantha Mohs.

The excess casualty portfolio will target classes of business including transportation, construction, consumer products, real estate, retail, hospitality, manufacturing and chemical. In healthcare liability their clients are primarily hospital systems and facilities, including academic medical facilities, specialty medical centers and managed care facilities.

U.S. Healthcare

Ray Pernsteiner, who joined Vantage in March 2021, is leading the U.S. healthcare team. He has worked in the insurance industry since 1988 focused solely on medical professional liability and most recently held positions at Arch Insurance Group for more than 18 years.

Pernsteiner’s team of healthcare specialists includes Anna Rockers, Dmitry Burtman and Nick Williams leading as regional vice presidents of Central and Western, Southeast, and Northeast regions respectively. Additionally, with 20 years of experience, Amy Berg joins the team to provide business management support.

The Vantage U.S. healthcare underwriters and along with claims and actuarial resources will serve complex risks needing specialization. Coverage is provided for both insurance and reinsurance of captives for healthcare excess liability. Clients include health systems, integrated delivery networks, excess physicians and miscellaneous facility-type based risks. The U.S. team is also targeting the growing number of miscellaneous medical facilities with coverages that include primary and excess professional liability, general liability, and umbrella coverages, Vantage has the ability to offer up to $15 million of excess capacity in these lines of business.

The Carlyle Group and Hellman & Friedman are lead investors in Vantage.

Topics USA Casualty Medical Professional Liability