Westfield Enters Specialty Insurance Business
Insurance Industry Veteran Jack Kuhn Named President of New Firm
WESTFIELD CENTER, OH (July 21, 2021) — Westfield, a super-regional property and casualty insurance company with a 173-year history, is entering the specialty insurance business with the launch of Westfield Specialty. To lead this new business, Westfield has appointed insurance veteran Jack Kuhn as President.
Current market conditions coupled with Westfield’s financial strength, AM Best “A” rating and well-established brand drove the decision to enter this market. This endeavor will create additional opportunities to profitably grow new customers and strengthen relationships with existing customers. It will also enhance the financial diversification of Westfield’s property and casualty portfolio.
“The strength of our corporate financial position combined with our ability to move quickly and invest in this opportunity positions us to be an even stronger player in the P&C market,” said Ed Largent, Westfield President, CEO and Board Chair. “Our expectation is to methodically enter lines of business where we can attract top talent and grow profitably.”
Throughout his career, Kuhn has successfully built and scaled insurance businesses multiple times. He has been responsible for U.S. and global insurance portfolios of more than $6B in premiums across the various executive leadership roles he’s held within the insurance industry.
“Hiring the right leader was paramount,” Largent commented. “Jack is a veteran, experienced insurance leader ready to launch a successful specialty business at Westfield. He is highly respected throughout the insurance and reinsurance industry and has a strong talent network to tap into as he builds his team.”
“I am excited about the opportunity to establish a broad and diverse portfolio of specialty business through deep relationships and expertise,” said Kuhn. “We’re building something that will stand the test of time.”
Over its 173-year history, Westfield’s business has been built by successfully entering new markets. “Westfield Specialty will allow us to bring even more value to customers as we broaden our presence in the P&C marketplace,” added Largent.
About Westfield
Founded in 1848, Westfield is a global leader in property and casualty insurance, delivering superior risk insights and innovative solutions to customers through a diverse portfolio of insurance products. Westfield underwrites commercial, personal, surety, and specialty lines of coverage through a network of leading independent agents and brokers in the United States and specialty products through Lloyd’s of London Syndicate 1200. As a mutual insurance company with more than 3,000 employees, Westfield has revenues in excess of $4 billion and more than $10 billion in assets.