Henning Haagen Appointed as Chief Underwriting Officer at Westfield Insurance

Westfield Insurance Welcomes New CUO Henning Haagen

Westfield Insurance, a leading property and casualty insurance provider based in the United States, recently announced the appointment of Henning Haagen as its Chief Underwriting Officer (CUO), a role that positions him to spearhead the company's underwriting strategies and portfolio management. His extensive background in underwriting and global distribution will play a pivotal role in refining these areas within the company.

Enhancing Underwriting Strategies

Henning Haagen brings with him a wealth of experience and expertise that Westfield aims to leverage. As stated by Ed Largent, the CEO and Chairman of the Board at Westfield, "Henning’s deep understanding and leadership will bolster our underwriting strategy and portfolio management capabilities." His impressive track record includes significant leadership roles in major insurance firms, most notably at Allianz Commercial, where he oversaw diverse global operations.

Haagen's appointment is expected to help further Westfield's objectives of disciplined and profitable growth while maintaining high performance standards in underwriting practices. Having previously executed major organizational transformations within Allianz, he is well-equipped to enhance Westfield's existing strengths in underwriting.

Responsibilities and Vision

Starting September 2, Haagen's responsibilities will include overseeing the development and implementation of Westfield’s underwriting strategy, governance standards, and risk appetite across its global portfolio, which encompasses personal, commercial, surety, and specialty lines. He will chair the company’s underwriting portfolio strategic committee, ensuring effective risk management and enhancement of underwriting quality.

Henning expressed his enthusiasm about joining Westfield: "I am excited to be part of a company with a strong heritage and bold ambitions for the future. Together with our underwriting teams, I look forward to collaborating across all levels of the organization to develop strategies that ensure consistent underwriting excellence, profitable growth, and accelerate our market impact."

A Commitment to Excellence

Established in 1848, Westfield Insurance has built a reputable legacy in the property and casualty insurance sector. The organization provides a comprehensive understanding of risks alongside innovative solutions through its wide range of insurance products. Westfield operates through a robust network of leading independent agents and brokers across the United States, while also offering specialty products through Lloyd's of London.

With nearly 3,000 employees and revenues exceeding $4 billion, Westfield continues to uphold a commitment to delivering quality service and products to meet diverse client needs. Henning Haagen's arrival is seen as a strategic move aimed at reinforcing the company’s dedication to excellence in underwriting and overall operational efficiency.

For more information regarding Henning Haagen’s strategic vision and Westfield’s journey ahead, please stay tuned for updates.

Future Prospects

The insurance market is constantly evolving, and Haagen’s leadership is anticipated to bring about significant advancements in Westfield’s operational and strategic approaches. His experience in successfully navigating complex insurance landscapes and managing large teams across multiple geographic regions positions him uniquely to respond effectively to the industry’s challenges.

As Westfield strives to adapt to changing market conditions, the focus will undoubtedly remain on maintaining its high standards of service and innovation, ensuring that Henning’s role as CUO leads to a prosperous future for the company and its clients.