Howard Hughes, Vantage Group Holdings
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Howard Hughes acquires Vantage to boost returns and cash flow. Vantage will continue to improve underwriting profitability. See more on HHH stock here.
With the announcement today that insurance and reinsurance specialist Vantage Group is set to be acquired by Howard Hughes Holdings, the firm's
Vantage Group Holdings Ltd. ("Vantage"), a privately held leading specialty insurance and reinsurance company backed by Carlyle and Hellman & Friedman today announced that it has entered into a definitive agreement for Howard Hughes Holdings Inc.
Summerlin’s developer has reeled in its first acquisition since hedge-fund magnate Bill Ackman widened its scope of operations. Howard Hughes Holdings announced Thursday that it reached a deal to acquire insurance firm Vantage Group Holdings for about $2.1 billion.
Bill Ackman has taken a decisive step in his effort to remake Howard Hughes Holdings from a Texas real estate developer into what he has described as a “modern-day Berkshire Hathaway”, agreeing to buy the Bermuda-based property and casualty insurer Vantage Risk in a $2.1bn deal.