AM Best has commented that the Credit Ratings (ratings) of Vantage Risk Ltd. (Bermuda) and its affiliates, Vantage Risk Specialty Insurance Company and Vantage Risk Assurance Company (both domiciled in Wilmington, DE), which do business as Vantage Group, remain unchanged following an announced leadership change.

Marc Grandisson, former CEO of Arch Capital Group Ltd. (NASDAQ:ACGL), has been appointed executive chairman of Vantage Group Holdings Ltd. (Vantage). Additionally, David Gansberg, former president of Arch Capital Group Ltd., has been appointed CEO of Vantage. Grandisson’s appointment is effective immediately; however, Gansberg’s appointment will not take effect until June 2027. Until then, Grandisson will work with Vantage’s founding CEO, Greg Hendrick, through the transition.

The appointments offer additional experienced industry leadership to the Vantage Group. While the transition represents a notable governance change following Howard Hughes Holdings Inc.’s (NYSE:HHH) acquisition of Vantage, the group’s balance sheet strength, operating performance, business profile, and enterprise risk management assessments remain unchanged. Additionally, the outlooks of these ratings remain positive.

AM Best will continue to monitor the leadership transition through the remainder of Hendrick’s tenure and Gansberg’s transition into the new role, and potentially take rating action should any developments impact Vantage’s creditworthiness.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

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Christopher Pennings

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Al Slavin

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