Longtime industry leaders Greg Hendrick and Dinos Iordanou launched a Bermuda – based venture capital and reinsurance company on Thursday.
Vantage Group Holdings Ltd. will operate Vantage Risk Ltd. and initially focus on reinsurance lines, the company says. in a statement.
Vantage offers property / disaster reinsurance and special reinsurance to international markets and plans to start offering insurance in Bermuda and North America next year, the statement said. Initial insurance lines will cover professional liability and surplus, according to the company's website.
Private equity firms Carlyle Group and Hellman & Friedman, along with Vantage's management, have invested $ 1
Mr. Hendrick is the CEO of Vantage and Mr. Iordanou is not the chairman.
Previously, Hendrick was CEO of Axa XL, a unit of Axa SA, before a management shake-up earlier this year.
Mr. Iordanou retired as Chairman and CEO of Arch Capital Group Ltd. 2018.
Other senior Vantage employees include: Christopher McKeown, President of Reinsurance, Innovation and ILS, former CEO of New Ocean Capital Management Ltd. Jack Kuhn, Chief Insurance Officer, former CEO of Global Insurance at Sompo International Holdings Ltd. Aurora Swithenbank, CFO, who was a partner at Goldman Sachs Group Inc .; Peta White, who will join Vantage as president of Markel Corp. in January; and Nick Pritchard, Head of Real Estate Disaster, formerly Head of Reinsurance at Neon Underwriting Ltd.