Westfield Specialty builds out management liability, more lines pending

Upstart specialist insurer  Westfield Specialty is doubling down quickly on its management liability offer, adding a swathe of new product to its young offer to extend further toward public company, private and non-profit clients.

Westfield is ready to dive into the much-watched public company primary D&O market and also added lead side-A DIC, excess liability, and primary fiduciary liability Policy. Products come both on admitted and surplus lines basis

An employment practices liability policy and a private/non-profit policy including directors & officers, employment practices, fiduciary, and crime coverage are in the works and will be launched in early 2023.

“The broker response to our high calibre team and our suite of products has been fantastic,” Westfield Specialty EVP and head of financial lines Fred Cooper (pictured) said. “We surprised the marketplace by launching admitted capabilities for many of our new products so early in our operations. Our announcement at the end of 2022 that our Excess policy could be used as admitted in 42 states is only a portion of our current admitted capabilities."

Westfield Specialty launched in July 2021, and is currently underwriting in five lines of business: E&S property, E&S excess casualty, professional lines, financial institutions, and management liability.

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