Thank you! It also brings Westfields well-established financial strength to Lloyds of London with the opportunity to bring new clients, capabilities, and even stronger relationships to brokers and clients across the globe. Hadie Bartholomew, hadiebartholomew@westfieldgrp.com. Westfield Specialty is committed to be a leading specialty carrier, leveraging the financial strength of our 175 years as a leading U.S. property and casualty (P&C) insurance company with the the. Photo credit: Bon Adrien.). Today, 175 years later, as a leading U.S.-based property and casualty insurance company with $8.5 billion in GAAP assets, Westfield underwrites commercial, personal, surety, and specialty lines of coverage through a network of over 1,000 leading independent agents and brokers. Specialty Insurance | Westfield Insurance Kuhn adds that he expects a seamless transition and says the international team is well-positioned to go to market as Westfield Specialty, leveraging the well-respected 175-year-old Westfield brand and the strength and stability of the Lloyds platform. This strategic acquisition establishes Westfield as a global franchise, accelerates Westfield Specialtys(sm) growth after a strong first 18 months in the U.S. market, and puts the overall Westfield Specialty portfolio in excess of $1 billion in premium. Focused on various lines of specialty insurance, Syndicate 1200 adds a book of business of approximately $650 million to Westfield. Westfield Specialty agreed to buy Argo's Syndicate 1200 in September last year. Westfield agrees to buy Lloyd's syndicate from Argo Get FREE access now! Weve had our sights set on the international specialty market since launching our specialty business a year ago, so this is Westfield executing on our original strategy, said Jack Kuhn, president of Westfield Specialty, in which the international operation will reside. Westfield Family Physicians, PC is recognized by the NCQA as a Patient-Centered Medical Home. Westfield Insurance Completes Acquisition of Lloyd's Syndicate 1200 Legislator of the Year, 2014 Prevent Child Abuse KentuckyLegislator of the Year, 2014 Kentucky Psychological AssociationDistinguished Public Service Award, 2015, 2017, 2018, 2019 Kentucky Non-Profit NetworkAdvocacy Partner, 2015 Kentucky League of Cities Friend of Cities Award, 2017 Kentucky League of Cities Friend of Cities Award, 2018 Kentucky League of Cities Friend of Cities Award, 2020 Kentucky League of Cities Friend of Cities Award, National Co-Chair Law, Criminal Justice and Public Safety Committee, NCSL (January 2021 to present), 2020 Thurgood Marshall Social Justice Award, Omicron Nu Lambda Education Foundation, 2021 Kentucky League of Cities Friend of Cities Award, Kentucky League of Cities Friend of Cities, Law, Criminal Justice and Public Safety Committee, NCSL. We are excited for the opportunity to onboard additional underwriting talent and expertise while gaining a meaningful footprint into shared and layered property.. Earlier this year Argo said its board of directors had initiated an exploration of strategic alternatives, including a potential sale. The transaction comes on the heels of a phenomenal year for Westfield Specialty, which wrote nearly $300 million of premium in the U.S. in 2022. Please tell us what we can do to improve this article. "We've had our sights set on the international specialty market since launching our specialty business a year ago, so this is Westfield executing on our original strategy," said Westfield Specialty president Jack Kuhn in a statement. Transaction expected to close in first half of 2023. Feb 03, 2023. Westfield said it has expanded into the international specialty insurance market by buying Lloyd's Syndicate 1200 from Argo Group International Holdings for about $125 million. Westfield was founded in 1848 by a small group of hard-working farmers who believed in the promise of the future and the power of the individual. Sep 08, 2022 Westfield has announced its entrance into the international speciality market, having struck up a deal to buy Lloyd's Syndicate 1200 from Argo Group International Holdings. The initial lines of business include: E&S Excess Casualty, E&S Property, Commercial Management Liability, Financial Institutions and Westfield Pro, which includes Cyber and Professional Liability. Sign up for free email news alerts and stay connected to important business news straight to your inbox. Westfield to enter international specialty market with Lloyd's We have hired an elite team that offers some of the industrys deepest underwriting experience and can tackle the most complex and specialized risks. The company's president, Jack Kuhn, said that $125mn transaction was a "win-win-win" for Lloyd's, Argo and . We considered multiple pathways but acquiring Syndicate 1200 emerged as a unique opportunity because it gets us into the international specialty market quickly with an established platform while capitalizing on current market dynamics, added Kuhn, who announced Graham Evans as head of international insurance at Westfield Specialty. Whitney Westerfield is the State Senator for the 3rd Senate District, covering all of Christian, Todd and Logan counties in Western Kentucky. Westfield Insurance (Westfield Center, Ohio), a U.S.-based property/casualty insurer with $8.5 billion in GAAP assets, has announced its completion of the acquisition of Lloyd's of London Syndicate 1200 from Argo Group International Holdings Ltd. (Pembroke, Bermuda). To ensure the most secure and best overall experience on our website, we recommend the latest versions of, Dan Wadley, Executive Vice President, Head of Professional Lines, Jeff Kulikowski, Senior Vice President, Westfield Pro, Dennis OConnell, Vice President, Professional Lines, Christine Dickenson, Assistant Vice President, Fred Cooper, Executive Vice President, Head of Financial Lines, Ray Ash, Senior Vice President, Head of Management Liability, Ryan Canning, Senior Vice President, Management Liability East Regional Leader. Box 10, Westfield, NY 14787Phone: (716) 326-4678Fax: (716) 326-4641, 115 East Main StreetP.O. Box 570, Sherman, NY 14781Phone: (716) 761-6144Fax: (716) 326-4641, Copyright 2022| Westfield Family Physicians, PC | All Rights Reserved | Privacy Policy | Designed by DocWebTRC.com. Westfield Specialty is expected to write $250 million of premium in 2022 during its first full year of operation, Westfield said. US P&C insurer Westfield Specialty has announced the completion of its acquisition of Lloyds of London Syndicate 1200 from Argo Group International Holdings. Westfield Enters Specialty Insurance Business | Business Wire For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. Thank you! Westfield brings deep expertise and experience to the international specialty market. October 04, 2021 10:05 AM Eastern Daylight Time WESTFIELD CENTER, Ohio-- ( BUSINESS WIRE )--Westfield Specialty is announcing the experts joining its executive underwriting team and the. Jack Kuhn, President, Westfield Specialty. Andy Hendrix, EVP of E&S Property at Westfield Specialty commented, The acquisition of the Argo portfolio aligns with our strategic approach of short line deployments within target occupancy classes. Westfield Specialty (International) | LinkedIn The Syndicate 1200 transaction follows a strong year, during which Westfield Specialty wrote nearly $300 million in premium in the U.S. Kuhn says that the newly expanded team will remain methodical, strategic and focused o profitability, as it continues to drive growth. This renewal rights transaction is a significant step in our E&S property launch and commitment to the wholesale property marketplace, said Jack Kuhn, president of Westfield Specialty. By The. At Westfield, we are forging bonds together, building a community, making a difference and growing with each other. The acquisition accelerates Westfield Specialtys entry into international markets, with the opportunity to bring new clients, capabilities and even stronger relationships to brokers and clients globally. About Westfield "We considered multiple pathways but acquiring Syndicate 1200 emerged as a unique opportunity because it gets us into the international specialty market quickly with an established platform while capitalizing on current market dynamics.". Westfield breaks into international specialty insurance market with 2013 KASAPLegislative Champion for Justice, 2013 Lexington FOP Appreciation Award - Bryan Durman Act, 2013 Henry Toll Fellow,Council of State Governments, 2014 Kentucky County Attorney Assoc. Syndicate 1200 was estimated to have a book of business sized at $650 million, focused on numerous lines of specialty insurance. WESTFIELD CENTER, Ohio--(BUSINESS WIRE)--Westfield Specialty, a subsidiary of Westfield Insurance, today announced an agreement to acquire the renewal rights of Argo Groups US Property, Shared and Layered property business. Westfield has announced its expansion into the international specialty insurance market with the acquisition of Lloyd's of London Syndicate 1200 from Argo Group International Holdings. Westfield hires CFO for its growing specialty insurance division The completion of this transaction accelerates Westfield Specialtys entry into international markets. Syndicate 1200 sale reassures Lloyd's, serves Westfield and Argo Westfield Expands Into International Specialty Insurance Business With Westfield first announced its plan to acquire the Lloyds Syndicate last September. WESTFIELD CENTER, Ohio--(BUSINESS WIRE)--Westfield Specialty, a subsidiary of Westfield Insurance, today announced an agreement to acquire the renewal rights of Argo Group's US Property, Shared . Sidley Austin LLP served as legal counsel and Keefe, Bruyette & Woods, A Stifel Company, served as financial advisor to Westfield on this transaction. Westfield Specialty President Jack Kuhn, together with Graham Evans, Executive Vice President and Head of International Insurance, will build on the existing strength of Syndicate 1200 to create an underwriting-focused, market-leading Lloyds business as a core part of Westfield Specialty. Your professional development. WESTFIELD CENTER, Ohio-- ( BUSINESS WIRE )--Westfield, a super-regional property and casualty insurance company with a 173-year history, is entering the specialty insurance business with the. Westfield Specialty acquires Argo's Lloyd's Syndicate 1200 in $125m Our board is confident in the simplified corporate structure and strong fundamentals of our core U.S. specialty businesses following our recently announced transactions with Westfield and Enstar. Ed Largent, President, CEO and Chair of the Board, Westfield. Together with Graham Evans, Westfield Specialty Executive Vice President and Head of International Insurance, they will build on the existing strength of Syndicate 1200 and create an underwriting-focused, market-leading Lloyd's business as a core part of Westfield Specialty. our service mission is this. Westfield Specialty, a U.S. property and casualty insurer, has accelerated its "rapid growth" with the acquisition of Lloyd's Syndicate 1200 from Argo Group International Holdings, marking its entry into the international specialty market. Competitive salaries. Learn more about Westfield at www.westfieldinsurance.com. It also brings the companys well-established financial strength to Lloyds of London with the opportunity to bring new clients, capabilities and even stronger relationships to brokers and clients across the globe, the company statement says. Click below to see everything we have to offer. Westfield Specialty can handle risks that aren't all that common-- the hard-to-place property and casualty risks. The company release also mentioned that Westfield Specialty president Jack Kuhn and executive vice president and head of international insurance Graham Evans will together build on the existing strength of Syndicate 1200 and create an underwriting-focused, market-leading Lloyds business as a core part of Westfield Specialty. Serving the primary care needs of communities in Chautauqua County for over 40 years. The international specialty market fits well with our growth ambitions and the opportunity with Lloyds Syndicate 1200 jump-starts our entry into this market.. Westfield Expands into International Specialty Insurance Business Westfield Specialty takes Aviva's Fellows and targets London D&O launch Are you retail Agent Looking for a Quote? "This is Westfield acting on a timely, strategic opportunity; investing in our business and deploying capital to create value for our customers," Largent added. Westfield Insurance | Westfield Insurance This infusion of talent and the focus on service, relationships, and solutions backed by Westfields financial strength, stability and reputation - is a market differentiator.. Westfield Specialty is proud to announce the following appointments to their underwriting teams: Were motivated to bring Westfields stellar brand, professionalism and commitment to client service to the specialty market, along with a solutions-based approach paired with best-in-class underwriting talent, said Jack Kuhn, President of Westfield Specialty. Whitney and his wife, Amanda, have one daughter, with another child on the way, and the four attend First Baptist Church in Hopkinsville. This transaction significantly accelerates our strategy to become a leading specialty carrier, says Kuhn. The Syndicate 1200 team has created a successful business, and we are ready to build on their momentum as part of Westfield Specialty, says Evans. Kuhn expects a seamless transition. Don't miss the chance to get the biggest news first! Westfield Specialty Announces Executive Team and Lines of Business Westfield has announced that it has completed its acquisition of Lloyds of London Syndicate 1200 from Argo Group International Holdings. Stay up-to-date on all things insurance. Evans has held leadership roles at Chubb, CNA, AXIS and Sompo International. Excess Surplus Argo to receive total cash proceeds of approximately $125 million. Westfield Completes Acquisition of Lloyd's of London Syndicate 1200 The acquisition is expected to close during the first half of 2023 pending regulatory approval. The Westfield Specialty team is focused on anticipating and addressing these needs. Westfield Specialty has named industry veteran Graham Evans to lead the integration of Lloyd's Syndicate 1200, which the US carrier is acquiring from Argo Group for $125mn. Transaction will simplify corporate structure and drive greater efficiencies with increased focus on core U.S. businesses. Suite 310 Search by coverage or keyword and region and start getting quotes immediately. Westfield has completed the acquisition of Lloyd's of London Syndicate 1200 from Argo Group International Holdings Ltd. for about $125 million. Westfieldtoday announces the completion of its acquisition ofLloyds of London Syndicate 1200 from Argo Group International Holdings Ltd. The deal was first announced in September of last year for a disclosed purchase price of approximately $125 million. Chris DeZinno , Jairo Ibarra September 13, 2022 Westfield Specialty president Jack Kuhn said the purchase of Argo's Syndicate 1200 gives the carrier "an accelerated entry into the international marketplace," allowing Argo to redeploy capital as it sees fit. Kuhn and Evans have a long-established professional relationship of more than 20 years in the global specialty market, the Westfield statement notes. Westfield Insurance Kuhn also indicated that he expects a seamless transition, and that the international team is well positioned, as it leverages the 175-year-old Westfield brand and the strength of the Lloyds platform. Retirement plans. Westfield today announces the completion of its acquisition of Lloyd's of London Syndicate 1200 from Argo Group International Holdings Ltd. The acquisition will help Westfield establish itself as a global franchise, while expediting the growth of its specialty arm, Westfield Specialty. Westfield Enters International Specialty Market With Purchase of Argo's US P&C insurer Westfield Specialty acquires of Lloyd's Syndicate 1200 Updated on 06 February 2023, 15:16 America/New_York US P&C insurer Westfield Specialty has announced the completion of its acquisition of Lloyd's of London Syndicate 1200 from Argo Group International Holdings. "This acquisition is our first step in establishing a global franchise for Westfield," said Westfield president and CEO Ed Largent in a statement. "Like Lloyd's, Westfield has a long history approaching 175 years in business and we couldn't be more excited about this new chapter and working with the Syndicate 1200 team.". Billing questions? New Markets Motivated by God's love for us, and sharing His view of all people as His unique and precious creation, Westfield Family Physicians will strive to use our talents, abilities and resources to meet the medical needs of those entrusted to our care. Insuramore has updated its 2023 global ranking of insurer, Essent Group purchases the title insurance business of Finance of Americas Incenter for $100 mn, How Insurers and InsurTechs Can Transform Insurance Platforms? Your professional development. Whether on behalf of Westfield or on personal time, youll find a variety of ways to serve the community. Westfield recently acquired Lloyds of London Syndicate 1200, establishing the company as a global franchise. Successfully executing on its Specialty Insurance expansion strategy, Westfield today announced its entrance into the international specialty market via the purchase of Lloyd's of London Syndicate 1200 from Argo Group International Holdings, Ltd. (NYSE: ARGO). Ex-Hiscox specialty head England to join Westfield Specialty This acquisition demonstrates Westfields commitment to the international specialty market, said Westfield board chair, president and CEO Ed Largent. This acquisition demonstrates Westfields commitment to the international specialty market, says Westfield President, CEO and Board Chair Ed Largent. Westfield Specialty will acquire renewal rights on all business effective January 1, 2022. Our robust platform enables agents to quickly contact you and begin the underwriting, quoting, and submission process. We look forward to working with Lloyds and the international market to provide superior service and solutions.. He says that the international team is well positioned and will go to market as Westfield Specialty, leveraging the well-respected, 175-year-old Westfield brand and the strength and stability of the Lloyd platform. As a part of the transaction, Argo Group will continue to honor and service all policies currently in force. hadiebartholomew@westfieldgrp.com, Internet Explorer presents a security risk. For the convenience of our patients, we provide very useful 24/7 access to information from your chart through a patient portal. We look forward to working with Lloyds and the international market to provide superior service and solutions., Westfield Insurance Adopts Verisk/Duck Creek Integration for Commercial Lines Underwriting. Find the perfect market for your risk. WESTFIELD CENTER, Ohio, May 23, 2023--(BUSINESS WIRE)--Westfield Specialty SM continues its growth momentum with the addition of a market-leading environmental underwriting team and its sixth line . Today, as one of the nations leading property and casualty (P&C) companies, we remain true to their vision and are dedicated to making a positive difference in our customers lives. In todays business environment, risk is constantly changing and becoming more complex thus it requires a specialized expertise. The deal comes amid Westfield's efforts to build on the growth of its Westfield Specialty business. Goldman Sachs & Co. LLC served as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP served as legal counsel to Argo. Westfield was founded in 1848 by a small group of hard-working farmers who believed in the promise of the future and the power of the individual. Westfield Insurance - Overview, News & Competitors | ZoomInfo.com We value work-life balance, diversity, and health & wellness. 8th September 2022 - Author: Luke Gallin. Whitney is a lifelong resident of Hopkinsville, in Christian County, Kentucky, and presently is an attorney with the Fletcher Law Firm in Hopkinsville after serving over five years as an Assistant Commonwealths Attorney.
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