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Westfield Enters Specialty Insurance Business | Business | cadillacnews.com – Cadillac News

July 21, 2021 by Business

WESTFIELD CENTER, Ohio–(ORGANIZATION CABLE)– Jul 21, 2021–

Westfield, a super-regional residential property and also casualty insurance provider with a 173-year background, is getting in the specialty insurance coverage service with the launch of Westfield Specialized. To lead this new service, Westfield has designated insurance policy expert Jack Kuhn as President.Current market problems coupled with Westfield’s economic strength, AM Finest”A”rating and well-established brand name drove the choice to enter this market. This venture will produce additional opportunities to profitably grow brand-new clients as well as reinforce connections with existing clients. It will certainly additionally enhance the economic diversification of Westfield’s home and also casualty portfolio.”The strength of our company financial position integrated with our

capacity to move promptly and also purchase this possibility positions us to be an also stronger gamer in the P&C market,”claimed Ed Largent, Westfield President, CEO as well as Board Chair.” Our expectation is to methodically get in industries where we can draw in top skill as well as expand successfully.”Throughout his occupation, Kuhn has actually successfully developed and also scaled insurance organizations multiple times. He has been responsible for U.S. as well as international insurance policy portfolios of more than$6 billion in costs across the various executive leadership roles he’s held within the insurance policy sector.” Hiring the appropriate leader was extremely important,”Largent commented. “Jack is a veteran, experienced insurance coverage leader prepared to release a successful specialty company at Westfield. He is highly appreciated throughout the insurance policy and reinsurance sector and has a strong ability network to take advantage of as he builds his group.”” I am excited concerning the possibility to establish a wide and diverse profile of specialized business with deep relationships and also expertise, “claimed Kuhn.”We’re constructing something that will certainly stand the examination of time.”Over its 173-year background, Westfield’s business has actually been constructed by effectively going into brand-new markets.”Westfield Specialized will allow us to bring even more value to clients as we widen our presence in the P&C marketplace,”added Largent.About Westfield was founded in 1848 by a tiny team of hard-working farmers who believed in the promise of the future as well as the power of the individual.

Today, as one of the country’s

leading home and also casualty(P&C)firms, we remain true to their vision as well as are committed to making a favorable difference in our consumers’lives. Find out more concerning Westfield at www.westfieldinsurance.com.View source variation on businesswire.com: https://www.businesswire.com/news/home/20210721005562/en/Charles Wasilewski,[email protected], 908.256.3209 KEYWORD PHRASE: UNITED STATES NORTH AMERICA OHIO INDUSTRY KEYWORD PHRASES: VARIOUS OTHER SPECIALIST SOLUTIONS EXPERT SOLUTIONS INSURANCE SOURCE: Westfield Copyright Organization

Wire 2021. PUB: 07/21/2021 10:00 AM/DISC: 07/21/2021 10:02 AM http://www.businesswire.com/news/home/20210721005562/en Copyright Organization Wire 2021.

Filed Under: Business Tagged With: RSS Feeds

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