Vantage presents Healthcare, E&S Merchandise – Enterprise Insurance
Vantage Group Holdings Ltd. announced on Thursday that it is launching new products in healthcare as well as in the United States and Bermuda.
Vantage, of Hamilton, Bermuda, said in its statement that its Bermuda team, led by Denise Watkins, is working with wholesale distributors to provide insurance and proprietary reinsurance on admission, claims and integrated damage insurance forms, as well as punitive damages and damage wrap coverage .
The excess liability portfolio will target businesses such as transportation, construction, consumer goods, real estate, retail, hospitality, manufacturing and chemicals.
In the healthcare liability arena, customers are primarily hospital systems and facilities, including academic medical facilities, specialized medical centers, and managed care facilities, the statement said.
Vantage's US health team, led by Ray Pernsteiner, provides liability insurance for proprietary insurance and reinsurance.
Customers include healthcare systems and integrated care networks, and it provides coverage for redundant doctors and various facility-related risks.
The statement said Vantage is targeting the growth of various medical facilities in the healthcare sector and is focused on specialized coverage tailored to that sector.
This includes professional liability and excess liability, general liability and umbrella covers with a wide range in all class segments. Vantage is contemplating doing business through a wide range of mid-market accounts, primarily spread across the wholesale distribution challenges.
It said it expects to also offer a self-insured health care deductible and retail placements from US health systems starting October.
Vantage was founded in late 2020 by longtime industry managers Greg Hendrick and Dinos Iordanou.