Simpson Thacher represented investment funds affiliated with The Carlyle Group and Hellman & Friedman in the launch of Vantage Group Holdings Ltd. (“Vantage”), a newly created re/insurance firm. Carlyle Partners VII, Carlyle Global Financial Services Partners III, Hellman & Friedman Capital Partners IX, and certain members of management have invested $1 billion of equity capital in Vantage, with the potential to increase their investment as growth opportunities arise.
Vantage, through its wholly owned re/insurance subsidiary, Vantage Risk Ltd., provides property catastrophe reinsurance (covering predominantly North America, Europe, Japan and Australia) as well as specialty reinsurance across property and casualty classes including marine, energy, aviation, crop, workers’ compensation, property per-risk and mortgage. In 2021, Vantage intends to launch insurance products in both the Bermuda and North American markets.
The Simpson Thacher team includes Atif Azher, Usman Arain, Mark Myott, David Wuchenich, Jacob Gindt and Michaela Dion (M&A); David Rubinsky, Jeannine McSweeney and Joo Hyun Lee (ECEB); Jonathan Goldstein, Tyler Robbins and Edward Grais (Tax); David Vann, Kelly Karapetyan, Preston Miller and Sarah Pugh (Antitrust); and Amber Harezlak (Intellectual Property).