Advantage Insurance Opens for Business in Vermont

San Juan, PUERTO RICO


SAN JUAN, Puerto Rico and BURLINGTON, Vermont, Jan. 17, 2018 (GLOBE NEWSWIRE) -- Advantage Insurance Inc. ("Advantage"), a leader in providing customized insurance solutions for businesses and individuals, announced today that it has opened an office in Burlington, Vermont to support its growing Captive Insurance services business.  Advantage has also sponsored a new protected cell Captive Insurance company, Advantage Insurance of Vermont PCC, to enable clients to access a full range of Captive Insurance services within the Vermont domicile.

Les Boughner, Chairman of Advantage’s Business Insurance division, stated: “Expanding our market footprint to Vermont is a significant milestone in the growth of Advantage’s Captive Insurance services business.  Our new Vermont presence complements our existing operations in Arizona, Grand Cayman, Puerto Rico and South Carolina and confirms our commitment to providing clients with access to a full range of domicile choices and Captive Insurance structures.”

Walter Keenan, Advantage’s CEO, added: “Vermont has a well-deserved and longstanding reputation as the leading Captive Insurance domicile in the United States.  We thank the Captive Insurance Division of the Vermont Department of Financial Regulation for their support for our entering the state, and we look forward to the success of our clients who choose Vermont as their Captive Insurance home.”

Advantage’s Vermont office is led by Christina Kindstedt and Sandra Griffith, each of whom has extensive experience managing Captive Insurance companies in Vermont.  Advantage expects to hire additional experienced professionals in Vermont to support growth as measured by number of clients and overall volume of business serviced from our new office location.

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

Media Contact:  Les Boughner  |  l.boughner@aihusa.com  |  +1 (843) 853-0446