Westfield Group · Westfield Center, OH United States
Company Description
Phone: 330-887-0101
Fax: 330-887-0840
Toll Free: 800-243-0210
View Westfield Group Locations On A US Map
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This link will open in a new window For the Westfield Group, farming is in its blood. One of the top agribusiness insurers in the US, the company also offers commercial and personal property/casualty insurance, banking (through Westfield Bank), and title and broker services. Through Ohio Farmers Insurance, Old Guard Insurance, and Westfield National Insurance, the company offers such standard personal lines as auto and homeowners insurance; niche products include fidelity and surety bonds. The group is represented by more than 1,200 independent agents in about 20 states. Westfield Group is not related to Australian retail property giant Westfield Group . To read the full description, subscribe now.
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Key Westfield Group Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $517.6 |
Westfield Group Executives
45 executives listed for Westfield Group's Westfield Center, OH location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Robert Joyce | Network |
| Vice Chairman | James Boland | Network |
| Chief Administration Officer | Ed Largent | Network |
Competition
Competitive Landscape for Westfield Group
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Westfield Group Competitors
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