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Vantage hires cyber chief from CNA



Bermuda-based Vantage Group Holdings Ltd. said on Monday that they have appointed former CNA Financial Corp. official Andrew Lea as their senior vice president of cyber liability, technical errors and omissions, media and executive liability insurance as they prepare to enter the US cyber insurance market.

Mr. Lea was most recently head of commercial E&O, cyber and media responsibility guarantee at CNA.

Vantage’s CEO of insurance Alex Blanco said in a statement that Lea joins Vantage as they prepare to launch cyber and corporate responsibility products in the US as “key opportunities for business expansion” this year.

“It will also facilitate our entry into the cyber insurance market at a time of unprecedented need for this protection,”

; the statement said.

Vantage said that Lea has also previously held higher-level insurance roles at Zurich Insurance, Swiss Re and American International Group Inc., as well as previous brokerage experience at Marsh LLC.

Vantage said in February that it had secured up to $ 200 million in extra capital from funds managed by private equity firms Carlyle Group Inc. and Hellman & Freidman LLC.

It said it had also closed the acquisition of the accepted insurance company Vantage Risk Assurance Co., formerly known as Heritage Casualty Insurance Co., from Union Fidelity Life Insurance Co.


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