-

AM Best Assigns Credit Ratings to Vantage Risk Specialty Insurance Company

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Vantage Risk Specialty Insurance Company (Vantage Risk) (Chicago, IL). The outlook assigned to these Credit Ratings (ratings) is stable. Vantage Risk is a newly added member to Vantage Group Holdings Ltd.

The ratings reflect Vantage Risk’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.

Vantage Group Holdings Ltd. acquired Vantage Risk to write excess and surplus (E&S) lines for the greater group. The acquisition of an E&S company was part of the group’s business plan since the onset of operations. While the group is still in the process of hiring some key executive positions for primary insurance lines, many of the executive staff have experience managing similar types of operations at other large companies. Vantage Group Holdings Ltd. injected roughly $85 million into Vantage Risk upon closing of the acquisition, bringing the total capitalization to $100 million. In addition, Vantage Risk will benefit from common management, branding and financial flexibility of the greater Vantage Group Holdings Ltd.

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 media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.

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.

Copyright © 2021 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Dan Hofmeister
Senior Financial Analyst
+1 908 439 2200, ext. 5385
dan.hofmeister@ambest.com

Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com

Steven Chirico
Director
+1 908 439 2200, ext. 5087
steven.chirico@ambest.com

Jim Peavy
Director, Communications
+1 908 439 2200, ext. 5644
james.peavy@ambest.com

AM Best


Release Versions
Hashtags

Contacts

Dan Hofmeister
Senior Financial Analyst
+1 908 439 2200, ext. 5385
dan.hofmeister@ambest.com

Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com

Steven Chirico
Director
+1 908 439 2200, ext. 5087
steven.chirico@ambest.com

Jim Peavy
Director, Communications
+1 908 439 2200, ext. 5644
james.peavy@ambest.com

Social Media Profiles
More News From AM Best

AM Best Upgrades Credit Ratings of The Doctors Company, An Interinsurance Exchange and Subsidiaries

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has upgraded the Financial Strength Rating (FSR) to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “aa-” (Superior) from “a+” (Excellent) of The Doctors Company, An Interinsurance Exchange (Napa, CA) and its core subsidiaries, which collectively comprise The Doctors Company Insurance Group (TDC or TDC Group). The outlook of these Credit Ratings (ratings) has been revised to stable from positive. See below for a l...

AM Best Affirms Credit Ratings of The West of England Ship Owners Mutual Insurance Association

AMSTERDAM--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of The West of England Ship Owners Mutual Insurance Association (West or the Club) (Luxembourg). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect West’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise...

Best’s Commentary: PHP Vulnerabilities Raises Concerns of Systemic Event for Cyber Insurers

LONDON--(BUSINESS WIRE)--Security flaws in the PHP programming language, used by a majority of websites globally, highlights the potential of a systemic risk scenario and risk aggregation that has long-worried cyber insurers and resulted in a reluctance to increase their risk appetites aggressively, according to a new AM Best commentary.The recently discovered vulnerabilities within PHP could allow attackers to gain access to websites and steal sensitive information, as well as create backdoors...
Back to Newsroom