Westfield Specialty announced the acquisition of the renewal rights for DOXA’s Arris Property Underwriters Program. The E&S commercial property program provided custom solutions for real estate, hospitality, health
care, education, municipalities, and manufacturing through wholesale distribution.
The renewal rights deal provides Westfield Specialty with an opportunity to continue to grow and diversify their property book.
Westfield Specialty currently offers customized shared and layered property, as well as middle-market property insurance solutions on a wholesale basis. The Co
mpany continues to have year-over-year profitable growth with the most recent financials reporting gross written premium (GWP) of $559 million for the first quarter of 2
026, an increase of 31% year over year, while delivering a Combined Ratio (CR) of 95.7%.
Chad Bridges, a native of Brandon, Mississippi, began work at the department in 2004, and had 14 years of experience in the insurance business before tha
t, the department said. As director of financial and market regulation, he oversaw
the solvency of insurers, compliance matters, examinations and market conduct regulation. He had no access to public funds at the department, said Beth Reiss
, communications director for MID.
Chad Bridges’ annual salary topped $129,000 in 2025, according to GovSalaries.com. His attorney, William Quinn, told Insurance Journal that he and Bridges have no comment at this time.
The alleged diversion of funds scheme began to unravel early this year, when irregularities were found in the credit union’s automated clearinghouse payments and
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ledger entries, according to the lawsuit complaint. In April, two credit union board members confronted the CEO, Leigh Bridges, about a $95 million shortfall on the books.
At the time, the institution had total assets of less than $163 million, the lawsuit notes.
Leigh, who was previously the chief financial officer at the credit union, initially said she was unaware of what might have happened, the Credit Union Times repo
rted. She then acknowledged some irregularities, and was placed on leave April 17, pending further investigation.
“Leigh Bridges caused false deposit entries to be entered into the share accounts of Leigh and Chad Bridges,” the complaint reads.
A share account is the name given to savings accounts at credit unions. Leigh Bridges reportedly made computer entries to look like funds were transferred from an external source. But the investigation found that millions h
d been transferred from the credit union to share accounts held by Leigh and Chad. The NCUA was named conservator of the savings institution on May 6. An ame
nded complaint, filed Monday, added a credit union employee as a defendant, charging that Leigh Bridges shared much of the proceeds with her.
