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GRAND CAYMAN, Cayman Islands and CHARLESTON, S.C., June 08, 2015 (GLOBE NEWSWIRE) -- Advantage Insurance Management (USA) LLC, a subsidiary of Advantage Insurance Holdings Ltd. ("Advantage"), announced today the appointment of Leslie C. Boughner as Chairman of Advantage’s Business Insurance division. Mr. Boughner will focus on developing Advantage’s captive insurance and related businesses globally, including its direct underwriting activity at Lloyd’s reinsured by Advantage Property & Casualty Company SPC.
Before joining Advantage, Mr. Boughner was most recently Deputy CEO of Willis’ global captive insurance practice. At Willis, Mr. Boughner was responsible for captive insurance management in North America and self-insurance consulting services worldwide. He is a past Chairman of the Captive Insurance Companies Association and the Self Insurance Institute of America and is a recognized expert in the fields of alternative risk transfer and captive insurance strategies.
Advantage CEO Walter Keenan 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.”
Mr. Boughner stated, “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 (USA) LLC, 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.”
Advantage Insurance Holdings Ltd., through its operating subsidiaries, provides customized insurance products and services to businesses and individuals worldwide. Founded in 1993, Advantage now serves over 200 clients and administers over $1billion of insurance assets from its headquarters in Grand Cayman and operating locations in Charleston, South Carolina; San Juan, Puerto Rico; and Scottsdale, Arizona. Advantage’s primary lines of business include private placement life insurance, captive insurance management and alternative risk transfer services. Additional information is available on Advantage’s website: www.aih.com.ky
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