9 June 2015Actuarial & underwriting

Willis captive exec joins Advantage

Advantage Insurance Management, a subsidiary of Advantage Insurance Holdings, has appointed Leslie Boughner as chairman of its business insurance division.

Boughner will focus on developing Advantage’s captive insurance and related businesses, including its direct underwriting activity at Lloyd’s reinsured by Advantage Property & Casualty Company SPC.

He joins from Willis, where he most recently served as deputy chief executive officer (CEO) of its global captive insurance practice. Boughner was responsible for captive insurance management in North America and self-insurance consulting services worldwide.

He has also served as chairman of the Captive Insurance Companies Association and the Self Insurance Institute of America.

Walter Keenan, CEO of Advantage, said: “We are excited that Les has chosen Advantage as the platform to continue his leadership and innovation in the captive insurance industry. Les has tremendous experience and expertise that will benefit both existing and future clients of Advantage.”

Boughner said: “I have known and respected the Advantage team for many years and I am pleased to be joining the firm at a time when it is experiencing significant growth. Self-insurance solutions are more relevant than ever before for mid-sized businesses, and Advantage is well positioned to be an industry leader.”

Simon Kilpatrick, president of Advantage Insurance Management, added:  “We welcome Les to Advantage, and I look forward to working closely with him to grow Advantage’s core underwriting functions, both for our own account and on behalf of our clients.”