Westfield Specialty has continued its financial growth for the year, reporting gross written premium (GWP) of US$1.4 billion for the first nine months of 2025, supported by a combined ratio of 89.9% and underwriting income of US$92 million.
The company attributed its performance to a strategy focused on diversifying underwriting lines and appetite, including renewal rights transactions, as well as expansion through both new and existing underwriting teams during the first half of the year.
The GWP was nearly evenly split between regions, with the US business accounting for 53% at US$755 million and a combined ratio of 89.4%. The international operation, based in London, contributed 47% or US$674 million, with a combined ratio of 90.3%.
The company’s financial trajectory this year was also marked by a 13% rise in GWP for the first half of the year compared to the same period in 2024. This increase has been attributed to Westfield Specialty’s focus on expanding its specialty lines and strengthening its presence in international markets, particularly in London.
Jack Kuhn, president of Westfield Specialty, said the financial results “underscore the effectiveness of our long-term sustainable growth strategy.”
He noted that investments in the UK, US, and Dubai have produced strong results. Kuhn also stated that the company remains focused on identifying new opportunities to diversify its portfolio and support profitable growth.
Kuhn added that the company has experienced a successful leadership transition in its international business this year.
“I am particularly delighted by the results that we continue to see delivered by the London and Middle East teams,” he said.
Westfield Specialty’s international growth has been accompanied by changes in its leadership structure. Earlier this month, the company named Anthony Baldwin as president, specialty international, subject to regulatory approval.
Baldwin, who previously served as CEO UK and CEO Europe at AIG, will be based in London and is set to oversee all Westfield Specialty business outside the United States, reporting directly to Kuhn.
