Markets/Coverages: Vantage Risk Offers U.S. Pollution, Professional Liability Insurance for Environmental Risks

Vantage Group Holdings Ltd., the Bermuda-based insurer and reinsurer, has extended its Contractors Pollution Liability (CPL) and professional liability offerings to environmental contractors and consultants, expanding the company’s participation across the design and construction lifecycle.

Vantage’s pollution and professional liability policies for environmental risks complement the company’s expertise and portfolio of insurance products for the U.S. construction industry, including subcontractor default insurance, excess casualty and professional liability lines.

Vantage designed its offerings to respond to environmental risks that can cause financial strain and pose significant hurdles to project completion. Vantage’s environmental coverages are written on a non-admitted basis nationwide and will be available as primary or excess coverage.

“The construction team at Vantage is pleased to offer this new stand-alone protection to large, midsize and trade contractors and consultants, when environmental liability exposures are greater than ever,” said Jason LaMonica, head of Construction & Environmental.

Michael Dannecker will lead Vantage’s environmental offerings, reporting to Lawrence Lejfer, head of Construction Professional & Environmental.

Established in late 2020, Vantage’s operating subsidiaries are Vantage Risk Ltd., Vantage Risk Assurance Co., and Vantage Risk Specialty Insurance Co. — all rated “A-” (Excellent) by AM Best.

Carlyle and Hellman & Friedman, global investment firms with deep experience in the re/insurance industry, are lead investors in Vantage.

Source: Vantage

Topics USA Liability Pollution