Vantage Group Acquires Admitted Carrier Vantage Risk Assurance Company
February 8, 2022
Vantage Group Holdings Ltd. has closed the purchase of an admitted-lines carrier, Vantage Risk Assurance Company (formerly Heritage Casualty Insurance Company), from Union Fidelity Life Insurance Company. Concurrently, funds managed by Carlyle and Hellman & Friedman committed up to an additional $200 million to support Vantage’s continued growth and to expand capabilities in its U.S. insurance platform.
- Buyers
- Vantage Group Holdings Ltd., Carlyle, Hellman & Friedman
- Targets
- Vantage Risk Assurance Company (formerly Heritage Casualty Insurance Company)
- Sellers
- Union Fidelity Life Insurance Company (UFLIC)
- Platforms
- Vantage Group Holdings Ltd.
- Industry
- Insurance
- Location
- United States
- Transaction Type
- Addon
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