AM Best has affirmed that the credit ratings for Vantage Risk Ltd. (Bermuda) and its affiliates remain unchanged following the appointments of former Arch Capital Group leaders, Marc Grandisson and David Gansberg, as Executive Chairman and Chief Executive Officer (CEO), respectively, of Vantage Group Holdings.
The affirmation applies to Vantage Risk Specialty Insurance Company and Vantage Risk Assurance Company, which operate under the Vantage Group brand.
Grandisson previously served as CEO of Arch Capital Group, while Gansberg was President of Arch Capital. Grandisson’s appointment at Vantage is effective immediately, while Gansberg is expected to assume the CEO role in June 2027.
In the interim, Grandisson will work alongside Vantage’s founding CEO, Greg Hendrick, to support the leadership transition.
According to AM Best, “The appointments offer additional experienced industry leadership to the Vantage Group.”
The leadership changes follow Howard Hughes Holdings’ acquisition of Vantage Group in an all-cash transaction valued at approximately $2.1 billion, after which AM Best affirmed Vantage Risk’s ‘A-’ rating last week.
AM Best noted that the transition represents a significant governance change following the acquisition; however, its assessments of Vantage’s balance sheet strength, operating performance, business profile, and enterprise risk management remain unchanged. The outlooks for the ratings also remain positive.
AM Best said it will continue to monitor the leadership transition through the remainder of Hendrick’s tenure and Gansberg’s move into the CEO role, and will take rating action if any developments affect Vantage’s creditworthiness.
