Vantage promotes political risk veteran

Vantage Group has promoted Lila Granda to be head of political risk and credit at the Bermuda-based re/insurer. 

Granda will assume leadership responsibilities for the PRC team and oversee the group's PRC portfolio, ensuring discipline, diversification, and consistent application of PRC underwriting strategy and risk appetite. She is also the senior risk manager of political risk and credit. She will report to Alex Blanco, insurance chief executive.

"We're delighted to announce Lila's promotion to head of political risk and credit," Blanco said. "She has been a valuable team member, and her extensive experience and deep understanding of the global political landscape have been instrumental to our success. 

"We're confident that she will lead our team to new heights, continue to help our clients navigate today's dynamic risk environment, and further build our momentum toward sustained profitability."

"I am thrilled to take on this role at Vantage," said Granda.  "As the global political landscape continues to evolve, it's more important than ever to have a deep understanding of the risks and opportunities it presents. I look forward to leading our team in providing our clients with the insights and solutions they need to navigate this complex environment."

Granda joined Vantage in 2021 as a political risk and credit-senior risk manager. She has more than 20 years of experience in underwriting and managing risks in the credit and political risk insurance industry. 

She has held senior positions at Zurich and the US Overseas Private Investment Corporation (OPIC), now known as the US International Development Finance Corporation (DFC). At Zurich, Granda served as the technical underwriting director for credit and political risk, where she played a crucial role in risk appetite and underwriting strategy development, portfolio monitoring and analysis, and expanding regional offices. In early 2024, she was nominated to become the chair of the Medium/Long-Term export credit panel at the Berne Union, the leading global association of the export credit and investment insurance industry.

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