Credit Ratings AM Best affirmed that the credit ratings of Vantage Risk Ltd. (Bermuda) and its subsidiaries remain unchanged following the appointment of former Arch Capital Group leaders Marc Grandisson and David Gansberg as executive chairman and chief executive officer (CEO), respectively, of Vantage Group Holdings.
This confirmation applies to Vantage Risk Specialty Insurance Company and Vantage Risk Assurance Company operating under the Vantage Group brand.
Grandisson previously served as CEO of Arch Capital Group, while Gansberg served as president of Arch Capital. Grandisson’s appointment to Vantage is effective immediately, with Gansberg expected to assume the CEO role in June 2027.
During this time, Grandisson will work alongside Vantage’s founding CEO Greg Hendrick to support the leadership transition.
AM Best said, “These appointments provide Vantage Group with additional experienced industry leadership.”
The leadership change comes after Howard Hughes Holdings acquired Vantage Group in an all-cash deal valued at about $2.1 billion, and follows AM Best’s affirmation of Vantage Risk’s “A-” rating last week.
AM Best noted that the transition represents a significant governance change following the acquisition; however, its assessment of Vantage’s balance sheet strength, operating results, business condition and enterprise risk management remains unchanged. The rating outlook also remains positive.
AM Best said it would continue to monitor the leadership transition during the remainder of Hendrick’s term and during Gansberg’s tenure as CEO and would take rating action if any developments affected Vantage’s creditworthiness.
