Vantage Group Holdings Ltd, a member of Bermuda’s Class of 2020 re/insurers, has continued the build-out of its insurance platform with the launch of construction and political risk businesses, and expanded distribution capabilities.

Greg Hendrick, CEO of Vantage, said: “It is exciting to see our business plan taking shape as we onboard new talent and build out our capabilities across the Vantage enterprise.

“Our team is highly energised and bringing creativity to the way we are building out our businesses, and that is proving to be very welcomed by clients and brokers.”

The company said that Jason Lamonica has joined the Vantage team to lead the construction insurance business in the US, bringing depth of experience in all aspects of the property and casualty insurance industry, most recently as profit centre head of subcontractor default insurance at AXA XL.

Vantage said that he is joined by Megan Fletcher, SVP and head of construction ― subcontractor default insurance, and Lawrence Lejfer, SVP and head of construction professional and pollution lines of insurance. Both bring more than 15 years of experience, most recently with AXA XL.

The company said that Dan Riordan joined Vantage in May as global head of political risk and credit and has begun building a team of trusted experts. He has more than 30 years of experience after holding senior roles at AXA XL, Zurich and the US overseas private Investment Corporation.

Vantage said that Mr Riordan is supported by a team of proven leaders with decades of experience underwriting political and credit risks, including Richard Abizaid, Javier Gomez and Jamie Brache as vice-presidents and senior underwriters, supported by Lila Granda as senior risk manager.

Vantage also welcomed Dane Lopes as chief commercial officer, insurance, to lead the company’s insurance distribution and client-management efforts as well as supporting marketing and communications across the group.

Mr Lopes held similarly senior roles at Everest Re Group, after more than 25 years of sales, marketing and business transformation experience, the company said.

Vantage was established in late 2020 and began writing reinsurance risk on January 1 through its Bermuda Class 4 company, Vantage Risk Ltd.

The Bermuda carrier has since expanded its offering to include select insurance products. In the US, Vantage launched a US surplus lines carrier, Vantage Risk Specialty Insurance Company, enabling certain US risks to be written on A- (Excellent)/Financial Size Category XII AM Best-rated paper.