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. 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. Focused on various lines of specialty insurance, Syndicate 1200 adds a book of business of approximately $650 million to Westfield. Meet Jonathan Gotschall from Pok Fresh with locations in Cuyahoga Falls and Highland Heights . 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 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. Sidley Austin LLP served as legal counsel and Keefe, Bruyette & Woods, A Stifel Company, served as financial advisor to Westfield on this transaction. Lloyd's. Westfield Specialty acquires Argo's Lloyd's Syndicate 1200 in $125m Or see subscription options for full access to Crain's Cleveland. This acquisition demonstrates Westfields commitment to the international specialty market, said Westfield board chair, president and CEO Ed Largent. New Guardrails on Fla. 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Ex-Hiscox specialty head England to join Westfield Specialty At Westfield, the Syndicate 1200 business will be led by industry veteran Graham Evans, who recently joined Westfield Specialty as an executive vice president. We will continue to add talent to these teams and look for other opportunities in the marketplace to provide underwriting expertise. Comprehensive health care. Register for Free Already A Member? See our new hiring and onboarding process in response to COVID-19. Hadie Bartholomew Westfield Specialty Launches Environmental Liability - Yahoo Finance 1y I'm excited to share that I've joined Westfield Specialty as VP, Head of Enterprise Applications! 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. Westfield said Evans will develop Westfield Specialtys international strategy and will lead the integration of Lloyds Syndicate 1200. The deal comes amid Westfield's efforts to build on the growth of its Westfield Specialty business. 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. hadiebartholomew@westfieldgrp.com, Internet Explorer presents a security risk. Westfield Completes Acquisition of Lloyd's of London Syndicate 1200 Argo to receive total cash proceeds of approximately $125 million. Westfield bought Syndicate 1200 from Argo last year for $125mn, and the syndicate's integration into the wider Westfield business is being led by Graham Evans. Whitney Westerfield, a former prosecutor, serves as Chairman of the Senate Judiciary Committee, and has gained national recognition for his advocacy and refo Careers | Westfield Insurance Westfield closes acquisition of Lloyd's syndicate Click below to see everything we have to offer. "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. Cleveland, OH 44113 "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.". 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. Syndicate 1200 was estimated to have a book of business sized at $650 million, focused on numerous lines of specialty insurance. Westfield Expands Into International Specialty Insurance Business Westfield Completes Acquisition of Lloyd's of London Syndicate Now in private practice, Whitney serves clients all over Western Kentucky. 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. Learn more about Westfield at www.westfieldinsurance.com. About Westfield The acquisition demonstrates Westfields commitment to the international specialty market, comments Ed Largent, President, CEO and Chair of the Board, Westfield. With Purchase of Lloyd's of London Syndicate 1200 From Argo Group. For more information about Westfield Specialty solutions, visit westfieldinsurance.com. 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. Argo Group Announces Sale of Lloyd's Syndicate 1200 to Westfield Westfield Completes Acquisition of Lloyd's of London Syndicate 1200 Topics We value work-life balance, diversity, and health & wellness. Last November, Westfield bought the renewal rights of Argos U.S. specialty property business. 2 MIN. Westfield Expands Into International Specialty Insurance Business With Graham Evans, EVP and head of International Insurance, Westfield Specialty. The Lloyds of London market offers long-term growth opportunities and were excited to offer brokers, agents, and clients greater access to Westfields expertise and product offerings.. Terence Dundi on LinkedIn: #westfieldspecialtyinsurance # Westfield, a closely held U.S.-based property and casualty insurer, is expanding into the international specialty market by acquiring Lloyd's of London Syndicate 1200 from Argo Group. Westfield says the completion of the acquisition accelerates Westfield Specialtys entry into international markets. Westfield Expands into International Specialty Insurance Business 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. 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. Excess Surplus The Lloyds of London market offers long-term growth opportunities and were excited to offer brokers, agents, and clients greater access to Westfields expertise and product offerings.. The company also provides specialty lines of insurance in the U.S. and now in the global specialty market. We look forward to working with Lloyds and the international market to provide superior service and solutions.. Whitney and his wife, Amanda, have one daughter, with another child on the way, and the four attend First Baptist Church in Hopkinsville. "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.". Westfield Completes Acquisition of Lloyd's of London Syndicate 1200 A subsidiary of Enstar will reinsure the majority of Argos direct U.S. casualty insurance reserves from accident years 2011 through 2019 in an effort to improve Argos regulatory capital position and provide protection against reserve volatility, the company said. Argo Group selling Lloyd's of London Syndicate 1200 to Westfield for This infusion of talent and the focus on service, relationships, and solutions backed by Westfields financial strength, stability and reputation - is a market differentiator.. 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. Westfield Specialty Acquires Renewal Rights to Argo Group's U.S In todays business environment, risk is constantly changing and becoming more complex thus it requires a specialized expertise. Stay connected to Northeast Ohio business news in print and online. LOG IN > 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 . (Interior of Lloyds of London. Westfield Specialty takes Aviva's Fellows and targets London D&O launch Westfield Specialty is expected to write $250 million of premium in 2022 during its first full year of operation, Westfield said. Our robust platform enables agents to quickly contact you and begin the underwriting, quoting, and submission process. Top Insurer Groups Worldwide, Cyber insurance broker INSUREtrust introduced product Cyber Pre-Check, Carbon insurtech Kita and OxCarbon signed a Memorandum of Understanding, Insurtech Root rebuffed a takeover bid from Embedded Insurance, Insured loss from Severe Convective Storm outbreak will be $5.5 bn, Insurtech Arbol unveiled blockchain parametric (re)insurance platform dRe, Insurtech Federato raised $25 mn in Series B, Data observability insurtech Telmai raised $5.5 mn in seed funding, Spot Bitcoin ETF launch are inadequate SEC. Get the mentorship and guidance you want in your first job out of school. 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 board includes its largest investor, hedge fund manager J. Daniel Plants, as of August. Find the perfect market for your risk. 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). The company's president, Jack Kuhn, said that $125mn transaction was a "win-win-win" for Lloyd's, Argo and . Westfield Enters Specialty Insurance Business | Business Wire All rights reserved. Evans has held leadership roles at Chubb, CNA, AXIS and Sompo International. This demands bold thinking and creative solutions to these new exposures. 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 Lloyds business as a core part of Westfield Specialty. 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. 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. The purchase price was valued at approximately $125 million. For the convenience of our patients, we provide very useful 24/7 access to information from your chart through a patient portal. The terms of this transaction were not disclosed. Westfield Specialty Announces Executive Team and Lines of Business Westfield Completes Acquisition of Lloyd's of London Syndicate 1200 US P&C insurer Westfield Specialty acquires of Lloyd's Syndicate 1200 Specialty Insurance | Westfield Insurance Westfield has announced that it has completed its acquisition of Lloyds of London Syndicate 1200 from Argo Group International Holdings. 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. 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. Argos inherent value as a pure-play, U.S. underwriter of specialty insurance has never been more evident than today, said Tom Bradley, Argos CEO and executive chairman, in a statement. Westfield Specialty President and industry veteran Jack Kuhn has a proven track record of success leading global, multi-billion-dollar specialty businesses and emphasized Westfield's. Goldman Sachs & Co. LLC served as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP served as legal counsel to Argo. Westfield Insurance to Buy Argo's U.S. Specialty Property Renewal Rights Ed Largent, President, CEO and Chair of the Board, Westfield. 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. Save my name, email, and website in this browser for the next time I comment. WESTFIELD CENTER, Ohio (February 2, 2023) Westfield today announces the completion of its acquisition of Lloyd's of London Syndicate 1200 from Argo Group International Holdings Ltd. (NYSE: ARGO). As I turn this next page of my professional career and look forward to this exciting. Mike Bradford September 08, 2022 Reprints Share Lloyd's of London Mergers & Acquisitions P/C Insurers Westfield Insurance Co. said Thursday it will enter the international specialty insurance. The Lloyds of London market offers long-term growth opportunitie4s and were excited to offer brokers, agents and clients greater access to Westfields expertise and product offerings.. Westfield ranked as the eighth-largest privately held company in Northeast Ohio, according to the latest Crain's list, with approximately $2.1 billion in total revenue in 2020. WESTFIELD CENTER, Ohio Westfield today announces the completion of its acquisition of Lloyd's of London Syndicate 1200 from Argo Group International Holdings Ltd. (NYSE: ARGO). Serving the primary care needs of communities in Chautauqua County for over 40 years. Lloyds Confirms Targets for Electronic Placement Mandate, Westfield Expands into International Specialty Insurance Business, Westfield Unveils MissionSafe Safe Driving Rewards Program, Westfield Enters Specialty Insurance Business, Beazleys Smart Tracker to Transition into a Full Market-Facing Syndicate. The acquisition is expected to close during the first half of 2023 pending regulatory approval. Westfield breaks into international specialty insurance market with Westfield Specialty agreed to buy Argo's Syndicate 1200 in September last year. The U.S. life insurance sector outlook remains neutral, and issuers are well positioned to withstand commercial real estate challenges and expected asset deterioration, Aons work with Columbia University has revealed that under selected scenarios, U.S. hurricane losses would increase by at least 10% over 20 years, At least 1,5M Medicaid enrollees have been disenrolled, based on the most current data from 25 states and the District of Columbia, Global Ranking of insurance providers worldwide and largest underwriters in the cyber insurance sector. Plants, who runs Voce Capital Management, serves on the strategic review and human resources committees. Thank you! From traditional insurance jobs like underwriting and claims, to IT, marketing or hospitality, the opportunities are bountiful at Westfield. That deal, valued at about $125 million, is subject to regulatory approval but is slated to close in the first .
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