Vantage Risk has been promoted to full membership in the Berne Union, the not-for-profit association that has represented the global export credit and investment insurance industry since 1934.

The company had held observer status since December 2022.

Writing on its LinkedIn page, the Berne Union said: “Congratulations to Vantage Risk Companies for successfully being promoted to full membership of the Berne Union after your active two years as an observer member.

“Vantage have already contributed a great deal to the association, making its promotion to full member, a smooth and steady journey. We are very happy to welcome you as an official Berne Union Member!”

The company said the promotion transpired under the leadership of Lila Granda, Vantage’s recently promoted head of Political Risk & Credit.

The company’s first PRC policy was effective in July 2021.

Ms Granda said: “Vantage Risk’s election to full membership in the Berne Union is a great recognition of our young company and of the seasoned experts who continue to bring considerable value and innovation to a growing political risk and credit marketplace.

“We're grateful to the Berne Union members for this recognition and we look forward to supporting the group's activities.”

Ms Granda was elected this month as the incoming chairwoman of the Berne Union’s MLT Technical Panel for its upcoming term.

She and Vantage colleague, senior underwriter Jamie Brache, represented the company at the Berne Union’s annual general meeting.