Carlyle and H&F Commit Additional Capital As Vantage Group Acquires an Admitted Carrier

Hamilton, Bermuda, February 8, 2022 – Vantage Group Holdings Ltd. (Vantage) announced today that funds managed by Carlyle and Hellman & Freidman have committed up to an additional $200 million of capital to fund the continuing growth of Vantage, with the majority of the proceeds intended to take advantage of opportunities in its US insurance platform. Vantage is also pleased to announce it closed on the purchase of an admitted lines carrier, Vantage Risk Assurance Company (formerly known as Heritage Casualty Insurance Company), from Union Fidelity Life Insurance Company (UFLIC). Vantage offers a wide array of specialty re/insurance products covering global risks through its operating subsidiaries, including niche property and casualty classes.