San Juan
17 November 2017
Reporter: Becky Butcher

Advantage Insurance hires duo

Advantage Insurance has appointed Colin Devine to its board of directors.

Devine currently serves as a strategic advisor to insurance and investment management companies.

In addition, Tamara Kravec has been hired as the firm’s chief financial officer.

Kravec will be responsible for the company’s financial reporting, corporate development and strategy, treasury and investor relations activities.

She has served as a consultant to Advantage since August this year and will be based in Advantage’s San Juan headquarters.

Walter Keenan, CEO of Advantage, said: “We are excited to have Colin Devine 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.”

Keenan added: “We are extremely pleased to have Tamara Kravec join our team. She has extensive industry knowledge in the financial services and insurance sectors, and highly relevant experience both analysing and consulting for life insurance companies.”

Advantage's primary lines of business include private placement life insurance, captive insurance management and alternative risk transfer services.

More news
The latest news from Captive Insurance Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Cayman captive industry generated $100m in 2016
14 December 2017 | Grand Cayman | Reporter: Ned Holmes
The Cayman Islands captive insurance industry generated $100 million for the island’s economy in 2016, according to a recent economic impact survey.
BDA board gains new chair
14 December 2017 | Hamilton | Reporter: Ned Holmes
Paul Scope has been elected as the new chair of the Bermuda Business Development Agency (BDA) and Shelby Weldon has been appointed to the board of directors.
Ameriprise captive rated ‘excellent’, says A.M. Best
14 December 2017 | New Jersey | Reporter: Ned Holmes
Ameriprise Captive Insurance Company (ACIC) has received a financial strength rating of “A (Excellent)” and a long-term issuer credit rating of “a+” from A.M. Best.
PRIIA to help grow Puerto Rico as a captive domicile
13 December 2017 | San Juan | Reporter: Ned Holmes
The Puerto Rico International Insurance Association (PRIIA) will play an expanded role in helping to grow the country into a leading captive insurance domicile, according to PRIIA president Hugo Cordova.
Brit launches new Bermuda-based SPI
13 December 2017 | Bermuda | Reporter: Ned Holmes
Insurance and reinsurance group Brit has launched a new Bermuda-domiciled collateralised reinsurance platform, Sussex Capital.
Two funds complete trade on ILSBlockchain
12 December 2017 | St Peter Port | Reporter: Ned Holmes
Two funds have completed what is believed to be the first secondary market securities trade on notes digitised on the ILSBlockchain, a private blockchain set up by Guernsey incorporated cell company Solidum Re.
NiSource captive rated ‘excellent’ by A.M. Best
11 December 2017 | Oldwick | Reporter: Ned Holmes
A.M. Best has given the financial strength rating of “A- (Excellent)” and the long-term issuer credit rating of “a-” to NiSource Insurance Corporation (NICI).