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Les Boughner, a top executive with Willis North America's global captive and consulting practice in Burlington, Vermont, abruptly left the company last week.
In a brief telephone interview Tuesday, Mr. Boughner, who joined Willis in 2009, said it was time to “pursue new ventures'' and will “evaluate options.''
Mr. Boughner is a well-known executive in the captive insurance field.
A Willis spokesperson in New York said Tuesday: “We can confirm that Les Boughner has left Willis. We wish him all the best in the future.”
Prior to joining Willis, Mr. Boughner held management positions at Arch Insurance Co. and Zurich Insurance Co. in Chicago.
Mr. Boughner began his insurance career with Arkwright Mutual Insurance Co. in Toronto and later joined American International Group Inc. in New York, where he was responsible for foreign captive programs.
Willis South Africa Pty. Ltd. has announced the appointment of George Bishop as its new chief executive and Ryck Genis as its deputy chief executive, RISKSA Magazine reported.