Westfield Specialty International is going to launch a Luxembourg subsidiary to enable it to underwrite risks on company paper and expand its current capacity provision which is delivered through Lloyd’s syndicate 1200. It expects the Luxembourg subsidiary to begin writing business from April next year.

Jack Kuhn, president of Westfield Specialty, said: “Westfield Specialty’s strategic focus is on long-term, sustainable growth, aided by the build-out of our operation in European markets.

“As a mutual-owned specialty insurer, we can take a multi-year view on growth and invest for the long term in building a successful addition to our specialty underwriting capacity.”

Westfield Specialty is part of Ohio Farmers Insurance Company, which has an A- financial strength and long-term issuer credit rating from S&P and an A financial strength rating from AM Best.