In the future, Westfield will concentrate on growing middle market, small business accounts and agribusiness
Westfield Insurance has entered into an agreement to transfer its personal lines business in Delaware to The Main Street America Group’s NGM Insurance Company.
In the future, Westfield will concentrate on growing middle market, small business accounts, agribusiness including farm owners and surety in the state.
Doug Eden, senior vice president of Main Street America’s field operations, noted that the transfer of personal auto, homeowners and umbrella renewals is targeted for early second quarter of 2009. Mr. Eden also indicated that many of Westfield’s Delaware agents already represent Main Street America, but several new agent appointments are expected to be made over the next few months.
Mr Eden added: The new business we have obtained from Westfield, representing approximately $7 million in annual premium, builds on our current market share in Delaware and complements our company’s strategy of achieving scale to be a more effective competitor in the state’s property and casualty marketplace.
NGM Insurance Company, a Florida-domiciled stock insurance company, is Main Street America’s carrier. NGM offers a complete line of personal and commercial products and services to Main Street Americans throughout New England, the Northeast, Mid-Atlantic and Southeast.
Westfield is an insurance, banking and related financial services group of businesses.