Howard Hughes Holdings Inc. on June 4 announced the successful closing of its acquisition of Vantage Group Holdings Ltd., a specialty insurance and reinsurance company, by Howard Hughes Insurance Holdings LLC. Howard Hughes Holdings is headquartered in The Woodlands. According to the news release, the transaction "anchors Howard Hughes Holdings' transformation into a diversified holdings company."
Vantage was founded in 2020 and offers a diversified portfolio of global property and casualty products supported by modern infrastructure and advanced analytics, according to the news release.
What they're saying
“Vantage will now become the cornerstone of Howard Hughes’ transformation into a diversified holding company,” said Bill Ackman, executive chairman of Howard Hughes, in a statement. “The combination of Vantage’s exceptional specialty insurance and reinsurance platform with Pershing Square’s investment capabilities creates a powerful foundation from which we will seek to build a large, highly profitable insurance company and an enduring source of long-term value creation for Howard Hughes and its shareholders.”
