Westfield Appoints Lloyd Scholz as Enterprise CIO to Drive Tech Strategy

Westfield, a U.S.-based property and casualty insurer, has appointed Lloyd Scholz as its new Enterprise Chief Information Officer (CIO). Scholz will lead the development and execution of a technology strategy aimed at supporting Westfield's growth, diversification, and global expansion efforts. With over 25 years of experience in technology leadership within financial services and insurance, Scholz is expected to enhance the company's technology, data, and analytics capabilities across its global operations. Reporting directly to CEO Ed Largent, Scholz's role focuses on leveraging technology to serve customers and distribution partners while enabling Westfield's expanding business portfolio. His background includes significant expertise in large-scale modernization, data strategy, and organizational transformation, which aligns with Westfield's goal to unlock greater value from its technology investments. Scholz joins Westfield from Markel, where he served as Senior Managing Director and Chief Technology Officer. At Markel, he led global teams across multiple regions, driving modernization initiatives in enterprise architecture, cloud engineering, software development, data and AI strategy, and agile delivery. Prior to Markel, Scholz spent 16 years at Capital One in various leadership roles focused on data engineering, analytics, cloud strategy, and enterprise technology transformation. This leadership change comes amid Westfield's broader strategic expansion and reflects a growing industry emphasis on integrating advanced technology solutions to enhance operational efficiency and competitive positioning. Scholz's appointment emphasizes the critical role of technology leadership in insurance companies seeking to innovate and stay agile in a dynamic market environment. Westfield’s focus on modern platforms, data, and AI dovetails with wider industry trends where insurers are increasingly adopting digital transformation and data-driven strategies to improve underwriting, claims processing, and customer engagement. Scholz’s proven track record in technology modernization and data analytics positions him to drive these efforts effectively. This movement highlights ongoing shifts in the property and casualty insurance sector towards leveraging technology as a strategic business enabler.