New Observer Member: Vantage Risk
Vantage Risk have joined as the latest Observer Member and participant in the Medium and Long Term (MLT) Committee
Following a presentation of their business to the Berne Union Annual General Meeting in Kigali and a vote among Members, Vantage have been admitted as an Observer Member of the Berne Union and participate in our MLT Committee.
This increases the number of private underwriters holding Berne Union membership to 17, and the number represented in the MLT committee to 14, reflecting the continuing growth in capacity and appetite in the private insurance market for longer tenor credit and political risks.
Berne Union President, Maëlia Dufour comments:
"Breadth of representation and depth of experience are the two greatest strengths of the Berne Union. The Vantage team have a huge combined experience in our industry, and the additional perspectives they bring will be a valuable addition to the crucial dialogue between ECAs, multilateral institutions and private credit insurers within our MLT committee"
Vantage Global Head of Political Risk and Credit, Dan Riordan comments:
"Vantage is very excited to be accepted as a new member of the Berne Union (BU). As a tech-enabled, data-driven underwriting company, we look forward to contributing our expertise to further the goals of the BU, the leading global organization that supports the advancement of export credit and investment insurance."