Super-regional property and casualty (P&C) insurer, Westfield, has hired respected specialty lines leader Jack Kuhn as President of its newly launched specialty insurance business, Westfield Specialty.
Westfield expects its entry into the specialty arena to create additional opportunities to profitably grow new customers and bolster its existing relationships. Additionally, Westfield Specialty will enhance the financial divisions of its P&C portfolio.
The insurer says that reasons for entering this market include current market conditions, its financial strength, AM Best “A” rating as well as its well-established brand.
To lead the new division as President, Westfield has hired insurance industry veteran Jack Kuhn.
We assume this is the same Kuhn that recently left Vantage Risk, where he served as Chief Executive Officer (CEO) of insurance, having previously worked at Sompo International and Endurance.
During his career in the industry, Kuhn has built and scaled insurance operations on multiple occasions, and has been responsible for U.S. and global insurance portfolios of more than $6 billion in premiums across various executive leadership roles.
Commenting on the launch of its specialty insurance business and the appointment of Kuhn, Westfield President, CEO and Board Chair, Ed Largent, said: “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. Our expectation is to methodically enter lines of business where we can attract top talent and grow profitably.
“Hiring the right leader was paramount. 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.
“Westfield Specialty will allow us to bring even more value to customers as we broaden our presence in the P&C marketplace.”
Kuhn added: “I am excited about the opportunity to establish a broad and diverse portfolio of specialty business through deep relationships and expertise. We’re building something that will stand the test of time.”