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Vantage offering health care, E&S products

health care

Vantage Group Holdings Ltd. said Thursday it is introducing new products in health care and excess and surplus casualty insurance in the United States and Bermuda.

Hamilton, Bermuda-based Vantage said in its statement its Bermuda team, which is headed by Denise Watkins, works with wholesale distribution partners to provide insurance and captive reinsurance on occurrence, claims made and integrated occurrence policy forms, as well as punitive damages and punitive damage wrap coverage.

It said the excess casualty portfolio will target classes of business including transportation, construction, consumer products, real estate, retail, hospitality, manufacturing and chemical.

In health care liability, its clients are primarily hospital systems and facilities, including academic medical facilities, specialty medical centers and managed care facilities, the statement said.

Vantage’s U.S. health care team, headed by Ray Pernsteiner, provides health care excess liability coverage for captive insurance and reinsurance.

It said clients include health systems and integrated delivery networks and it provides coverage for excess physicians and miscellaneous facility-type based risks.

The statement said Vantage is targeting the growth of miscellaneous medical facilities in the health care arena and is focused on specialized coverages tailored for this sector.

This includes primary and excess professional liability, general liability and umbrella coverages, with a broad appetite across class segments. It said Vantage considers business across a wide range of middle market- type accounts distributed primarily through wholesale distribution challenges.

It said beginning in October, it expects to also offer umbrella excess of self-insured retention health care professional liability and retail placements of U.S. health care systems products.

Vantage was established in late 2020 by long-time industry executives Greg Hendrick and Dinos Iordanou.