Providing Actionable Business Strategies and Capital Solutions
771 Advisors was established 5 years ago to help CEOs, C-Suite executives and entrepreneurs create actionable strategies to increase the value off their firm. We have a more than 25-years of experience both as a Senior Partner of McKinsey & Company, an M&A Advisor for Deloitte and CEO positions for both a Fortune 500 companies and startups. We know what it’s like to grow a company from its first employee, create a strategy to significantly increase its shareholder value, manage a capital raise or acquisition due diligence process and lead a 30,000-person global organization. This makes us uniquely qualified to help your company achieve its goals.
It’s all about achieving your dreams. Every entrepreneur we have met wants to build something great and create a legacy for their family. Because we have been involved in building three successful companies from the ground up, we understand what it takes to reach this goal. Whether it’s helping you develop specific strategies to increase the value of your firm, managing a capital raise or sale process or helping you build a winning culture or team – we can help.
Strategy without execution are just words on a page. For this reason, we not only provide you with a strategic vision but also clear actions to drive profitable growth. This requires truly understanding the competitive environment, assessing the capabilities of your organization and creating actionable initiatives to drive results. At McKinsey, strategy is defined as a set of strategic actions when taken together create a competitive advantage. We will help you create a true competitive advantage for your business.
Provide Board of Director advisory services or membership oriented toward helping their company reach its full potential. This can include corporate and product level strategic assessment, review of a Senior Management team organization and culture or supporting a capital transaction.
Credentials and Experience
Ted Devine received his MBA from the University of Chicago MBA Program majoring in Financing and minoring in Statistics. He graduated with Highest Honors. Ted received his Bachelor of Arts degree from Michigan State University majoring in Finance also graduating with high honors. Ted started his career at Deloitte where he earned his CPA and was an M&A Advisor/Consultant. There he provided financial consulting, deal structuring and due diligence services to leading PE and Investment Banks in New York. After Deloitte and the University of Chicago he joined McKinsey & Company. Ted was at McKinsey for 12 years progressing from Associate to Senior Partner (Director). He made Principal in 5 years and Director in 10. At McKinsey & Company, Mr. Devine become a leader of the North American Insurance practice and founded mRisk, McKinsey’s insurance digital insurance consulting practice. Mr. Devine then joined AON where he held 3 major CEO/President roles. First as President of North American Retail Brokerage where he was able to help this $1.5 billion division improve margins from -2% to 15% in 18 months. Then as CEO of AON’s most profitable division AON Reinsurance (now AON Benfield) he focused the organization on a consistent customer value delivery approach, led the acquisition of the #6 Reinsurance broker from Gallagher and was part of the senior team who acquired the #3 reinsurance broker (Benfield). Finally, Ted was President of AON Global Brokerage, AON’s largest division with $4 billion in revenue and 30,000 employees, covering 70 countries. There he created GRIP AON’s data and analytics business which now has over $1 billion in revenue and led the negotiating team in AON’s Manchester United global partnership. Mr. Devine left AON to found 1WORLD Sports a 501c focused on working with at-risk youth in the city of Chicago teaching the life lessons from sports. 1WORLD has helped over 5,000 kids over the past 10 years. Currently, Mr. Devine serves as Co-Chairman of the Board of Insureon. Ted was CEO of Insureon for 7 years building the firm from $5m of revenue and $50 million in premium to $40m of revenue reaching and $4 billion in premium. There he built the fastest growing agency management digital technology in the US which is used by the #2 Personal Lines carrier, the #1 and #2 Payroll companies, the #1 Affinity carrier in the US and the #3 and #6 global broking firms.
Insureon is the leader in the Commercial P&C Insurtech space. Since its founding more than seven years ago, Insureon has created the largest online digital agency in the US combined with the fastest growing agency management technology platform. Insureon’s technology by year end will processes over $4 billion in premium or 10% of the small commercial insurance market.
Bankers Insurance Company is a leading regional insurance carrier and services company. Banker’s has over $500 million in revenue across 4 major divisions. These include a leader in personal and commercial lines insurance in the Southeast, a major player in the PEO space, the #1 provider of Bail insurance US and a warranty/services business growing at 25% a year.
Level Funded is disrupting the health care industry by delivering large company solutions for mid-size institutions. Level Funded allows middle market companies (100-500 employees) to benefit from captive solutions combined with reinsurance to reduce health care costs by average of 20%.
XSELL is one of the fastest growing AI firms in the US. XSELL pioneered the delivery of actionable AI focused on distribution using real-time transcription combined with complex modeling delivery in either a Chat CoBot or a Voice CoBot solution. Major clients include AT&T, Verizon and GoHealth.