Keenan leaves Advantage

Customised insurance solutions provider Advantage Insurance has announced that its chief executive Walter Keenan has left the company to pursue new business opportunities.

Eric Schneider, Advantage's chief investment officer, stated: “Walter built a great investor-insurer platform and private placement life insurance business, from its design and launch in 2013 through our recapitalisation with new investors in 2021. We wish Walter the best in his next entrepreneurial endeavour.”

Walter Keenan said: "Building Advantage Insurance with the help of a world-class team of insurance professionals has been the highlight of my business career. I look forward to seeing Advantage's continuing growth and success under new leadership."

Founded in 1993, Advantage serves over 600 insurance clients and administers over $3bn of insurance assets from its headquarters in San Juan, Puerto Rico and additional locations in Bermuda, the Cayman Islands and the United States.

Advantage's primary lines of business include private placement life insurance, captive insurance management and institutional investment advisory services.