Vantage launches Facultative Reinsurance business, names Lisa Pickard president
Pickard leads the new division, overseeing strategy, risk appetite, recruitment and broker relationships, and reports to CEO Greg Hendrick.
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Specialty insurance and reinsurance provider
vantagerisk.comLast updated
In short: Vantage was acquired by Howard Hughes Holdings in an all-cash deal valued at approximately $2.1 billion
Pickard leads the new division, overseeing strategy, risk appetite, recruitment and broker relationships, and reports to CEO Greg Hendrick.
The all-cash transaction is valued at approximately $2.1 billion and closed after all required regulatory approvals. Vantage anchors Howard Hughes' transformation into a diversified holding company.
The all-cash deal values the insurer at about 1.5x year-end 2025 book value and is expected to close in the second quarter of 2026, subject to regulatory approvals.
The majority of the proceeds will target opportunities in its US insurance platform following the purchase of Vantage Risk Assurance Company from Union Fidelity Life Insurance Company.
In her new role, Ms Pickard will report directly to Greg Hendrick, chief executive officer of Vantage, and oversee the division’s strategic direction, risk appetite...
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