Advantage brings on strategic advisor to board of directors

Advantage Insurance, a provider of insurance solutions including life insurance placement and captive management, has appointed Colin Devine to its board of directors.

Devine is a strategic advisor to insurance and investment management companies and has extensive experience in the insurance industry. He has previously headed CitiGroup's North American life insurance research from 1997 to 2012, and prior to this was a director at S&P's credit ratings group, focussed on the insurance sector.

Walter Keenan, CEO 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.”

Devine commented: “Advantage is an innovative specialty insurance company that is well positioned to become a recognised, 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 capitalise on the significant opportunities presented by the large and growing demand from high net worth family groups for insurance-based wealth preservation solutions.”