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aih.com.ky

Stage

Growth Equity | Alive

Total Raised

$7.5M

Last Raised

$7.5M | 9 yrs ago

About Advantage Insurance

Provider of specialty insurance, reinsurance, and related services. The company provides customized insurance and reinsurance solutions for risk management, financial planning, and estate planning needs for business owners and high net worth individuals in Cayman Islands, the United States, Canada, and internationally. It offers life insurance, business insurance, alternative risk programs, workers' compensation insurance, commercial general and professional liability insurance, automobile liability insurance, and certain property insurance.

Advantage Insurance Headquarter Location

5th Floor, Windward 3

KY1-1105,

United Kingdom

1345 9491599

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Latest Advantage Insurance News

Advantage Insurance Completes Growth Transactions

Jan 7, 2022

January 07, 2022 17:24 ET San Juan, UNITED STATES SAN JUAN, Puerto Rico, Jan. 07, 2022 (GLOBE NEWSWIRE) -- Advantage Insurance Inc. (“Advantage”), a leader in providing customized insurance solutions for businesses and individuals, announced today that it recently completed a series of transactions to expand and strengthen its life insurance business. Highlights include: Acquisition of three Bermuda-domiciled life insurance companies from The Argus Group, adding over $500 million of policy assets and expanding geographic reach Merger of our subsidiaries U.S. Commonwealth Life, A.I. to consolidate and streamline Puerto Rico operations Allocation of over $100 million of incremental surplus capital to our core life insurance carriers to support recent and future growth Advantage CEO Walter Keenan said, “2021 was an important year for Advantage and its life insurance policyholders. Following several years of careful planning and analysis, we completed a restructuring and recapitalization of our life insurance business that solidly positions Advantage Life as a premier provider of private placement life insurance globally, measured by its balance sheet strength and broad range of policy offerings.” Following the transactions, Advantage Life has six individual life insurance subsidiaries located in three leading insurance domiciles, which together with Advantage’s other insurance services businesses serve over 700 insurance clients and their wealth advisors globally. As of December 31, 2021 Advantage’s life insurance business had total assets of over $4 billion, supported by over $100 million of surplus capital available to pay policy claims. Legal advisors to Advantage were Conyers, Dill & Pearman; Mayer Brown LLP; and Vidal, Nieves & Bauzá, LLC. Actuarial services were provided by Insurance Strategies Consulting, LLC. 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 over 700 insurance clients and administers over $4 billion of insurance assets from its headquarters in San Juan, Puerto Rico and additional locations in Bermuda, the Cayman Islands and United States. Advantage's primary lines of business include private placement life insurance, captive insurance management, and institutional investment advisory services. Contact persons and additional information is available on the company's website: www.advantagelife.com

  • What is Advantage Insurance's latest funding round?

    Advantage Insurance's latest funding round is Growth Equity.

  • How much did Advantage Insurance raise?

    Advantage Insurance raised a total of $7.5M.

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