Vantage adds two key execs

Vantage adds two key execs | Insurance Business New Zealand

Reinsurance

Vantage adds two key execs

Reinsurance veteran transitions to new role at insurer

Reinsurance

By
Althea Javellana

Vantage Group Holdings Ltd. announced significant additions to its insurance leadership on July 25, 2024, in Bermuda. Kelly Bellittihas been appointed as the new chief pricing and portfolio actuary, while David Valzania takes on the role of chief underwriting officer with immediate effect. Both Bellitti and Valzania will join the senior leadership team under the direction of Alex Blanco, chief executive of insurance.

In a newly expanded capacity, Bellitti is set to oversee the strategic direction of Vantage’s insurance portfolio. Her focus will be on enhancing underwriting strategies across the board, aligning closely with the company’s broader business objectives. Bellitti will continue to head the insurance pricing actuary team, leveraging data and technology to advance underwriting processes and portfolio management.

Bellitti’s career at Vantage began in 2021 when she was appointed senior vice president, chief pricing actuary of insurance. Prior to joining Vantage, she held senior roles at AXA XL, including global head of financial lines and cyber pricing. Bellitti’s actuarial journey started at firms like Transatlantic Reinsurance and Guy Carpenter. She is a fellow of the Casualty Actuarial Society and a member of the American Academy of Actuaries.

Valzania, in his new role, is tasked with ensuring the alignment of Vantage’s insurance strategies to foster efficiency and profitability. He will guide the formulation and governance of underwriting policies and standards. His extensive background includes a stint as senior vice president of multinational at Berkshire Hathaway Specialty Insurance and leadership roles at AIG, including president and CEO of the Bermuda division, and earlier, as a senior vice president at Marsh.

“The vast experience and proven capabilities of both David and Kelly are vital as we push for growth and continued success across our specialty insurance segments,” Blanco said. “Their roles are crucial for our ongoing profitability and strategic direction.

“Kelly’s expanded responsibilities underscore her significant achievements and potential for greater impact, while David’s expertise in underwriting is key to our strategic aspirations.”

Have thoughts on Vantage’s latest strategic direction in its leadership team? Share your views in the comments below.

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