Vantage Risk
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Howard Hughes Holdings agreed to buy the carrier for $2.1bn. -
Plus, the latest people moves and all the top news of the week.
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Ackman targets high-teens ROE at Vantage via underwriting gains and equity investing.
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The Carlyle and Hellman & Friedman vehicle will sell for 1.5x book value.
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The executive was most recently serving as CRO – insurance.
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The hire comes as Guy Carpenter fills the void created by the Willis Re raid earlier this year.
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Vantage Group Holdings received a BBB- long-term issuer credit rating.
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The new line is in addition to its existing Bermuda and US excess casualty products.
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The second iteration of the Bermuda sidecar has brought in additional investors.
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A panel of sustainability leaders from Conduit Re, Axa XL, Convex and Vantage Risk discussed the need for a consistent methodology to measure underwriting emissions at the Bermuda Climate Summit.
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The executive first joined Vantage in 2021 after stints at Hamilton and Allied World.
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The underwriter will replace retiree Lorraine Seib and add US excess casualty to her remit.
