#USA #New York #Underwriting #Westfield Specialty #GWP

Westfield Specialty Achieves Significant Growth in Gross Written Premium

Westfield Specialty has reported exceptional growth in its financial performance, concluding 2025 with a gross written premium (GWP) of $1.93 billion. This marks a substantial achievement for the specialty insurance carrier, underlining its successful business strategy amidst a challenging market environment.

The results not only highlight an increase in GWP but also reflect a solid Combined Ratio (CR) of 93.1%, coupled with underwriting income amounting to $87.2 million. These metrics indicate that the company has surpassed its expectations and is on a promising trajectory.

Breakdown of the Gross Written Premium

The $1.93 billion GWP is evenly distributed among various regions, with 55% generated from the U.S. operations and the remaining 45% hailing from its international ventures based in London. Specifically, the U.S. specialty businesses contributed $948 million, while its Surety segment accounted for $105 million. The international operations also performed strongly, delivering $874 million in GWP, showcasing the firm’s robust global outreach.

Jack Kuhn, the President of Westfield Specialty, attributes this remarkable performance to the company’s commitment to attracting and retaining top-tier talent in the insurance market. He articulates that empowering underwriters to explore new risks has been instrumental in diversifying the portfolio and enhancing profitability.

Strategic Expansion and Future Plans

In addition to its successful performance in 2025, Westfield Specialty is looking towards the future. The company has made significant investments in pivotal markets like the UK, the US, and Dubai, which have fortified its teams and optimized service delivery for clients and brokers. This strategic expansion is designed to bolster their presence and enhance competitive advantages in various regions.

Kuhn further mentions that the launch of their Luxembourg operation in 2026 is a testament to Westfield’s dedication to growing its footprint in Europe, emphasizing agility in addressing the diverse needs of brokers and clients. This new operation aims to offer tailored solutions across several geographies, signifying the company’s commitment to innovation and adaptability.

About Westfield Specialty

Westfield Specialty is a well-known entity in the world of specialty insurance, operating under the auspices of Westfield, a renowned U.S.-based property and casualty insurance company. Leveraging the financial strength of its parent company and the established Lloyd's of London Syndicate 1200, Westfield Specialty provides strategic and innovative coverage solutions designed to protect businesses, facilitate recovery from losses, and support overall growth.

Currently, the firm underwrites insurance products in the U.S., U.K., and Dubai. It continues to broaden its offerings by adding new lines of business and delivering specialized insurance solutions tailored to a diverse global clientele, reinforcing its reputation as a leader in the specialty insurance sector.

For more information, visit Westfield Specialty.

About Westfield

Founded in 1848, Westfield stands as a global leader in providing property and casualty insurance. By delivering superior risk insights and pioneering solutions, it caters to a diverse array of customers through an extensive portfolio of insurance products. The company specializes in various lines of coverage, including commercial, personal, surety, and specialty insurance, distributed through a network of leading independent agents and brokers across the United States and through Lloyd's of London Syndicate 1200. With a workforce exceeding 4,000 and revenues topping $4 billion, Westfield's assets are estimated to be more than $11 billion.

For more details on their offerings, visit Westfield Insurance.