SAN JUAN, Puerto Rico, Nov. 16, 2017 (GLOBE NEWSWIRE) -- Advantage Insurance Inc., a leader in providing customized insurance solutions for businesses and individuals, announced today that Colin W. Devine has joined its Board of Directors.

Colin Devine is a strategic advisor to insurance and investment management companies and has extensive experience in the insurance industry. Earlier in his career, Mr. Devine headed Citigroup’s North American life insurance research from 1997 to 2012. Prior to working for Citigroup, Mr. Devine was a Director in Standard & Poor’s credit ratings group, focused on the insurance sector.

Over the course of his research career, Mr. Devine was ranked on Institutional Investor magazine’s All-America Research Team for 14 consecutive years and held the #1 ranking for six consecutive years. Mr. Devine holds Chartered Financial Analyst, Chartered Professional Accountant and Certified Financial Planner credentials. He earned an MBA degree from the Schulich School of Business, York University, Toronto and a Bachelor of Science degree from the University of Guelph.

Walter Keenan, Chief Executive Officer of Advantage said, “We are excited to have Colin join our Board of Directors. He brings considerable insurance expertise and valuable strategic insight as we look to significantly grow our core private placement life insurance business.”

Mr. Devine stated, “Advantage is an innovative specialty insurance company that is well positioned to become a recognized, global leader in its private placement life insurance business.  I look forward to bringing my industry perspective the Board as an independent director, and to helping Walter, Tamara and the management team capitalize on the significant opportunities presented by the large and growing demand from high net worth family groups for insurance-based wealth preservation solutions.”

About Advantage

Advantage Insurance Inc., through its operating subsidiaries, provides customized insurance products and services to businesses and individuals worldwide.  Founded in 1993, today Advantage serves approximately 400 clients and administers over $2 billion of insurance assets from its headquarters in San Juan, Puerto Rico and additional locations in the Cayman Islands and United States.  Advantage's primary lines of business include private placement life insurance, captive insurance management and alternative risk transfer services.  Additional information is available on the company's website:  www.advantagelife.com 

Mary Herms
m.herms@advantagelife.com
+1 (787) 705-2900