Westfield Specialty has announced a record financial performance for the 2025 financial year, alongside the strategic appointment of a new senior executive to its leadership team. The insurance carrier, which operates with the financial backing of Westfield and Lloyd’s of London Syndicate 1200, continues to broaden its global footprint.
The company’s gross written premium (GWP) rose to $1.93 billion by the end of 2025. The performance exceeded internal projections, supported by underwriting income of $87.2 million and a combined ratio of 93.1%. President Jack Kuhn attributed the results to the successful acquisition of high-quality talent and a focus on portfolio diversification.
“Westfield Specialty’s success in 2025 was driven by our ability to attract and retain the best talent in the market, supporting our philosophy of empowering underwriters to pursue new risks and broaden our portfolio,” he said.
The $1.93bn GWP was distributed across the following segments:
Overall, 55% of premiums were generated by the US business, while international operations accounted for the remaining 45%.
In a separate announcement, the company confirmed that Will Chen (pictured) has joined as US chief financial officer for Westfield Specialty. Reporting directly to Kuhn, Chen will oversee US financial strategy, operational processes, and financial planning and analysis.
Chen is described as a 30-plus-year veteran of the specialty insurance sector. He previously held senior roles at Ascot, Argo Group, AIG, Arthur J. Gallagher & Co., and Zurich Insurance Group, and holds an MBA from New York University.
“I am excited to add Will to our leadership team. He is a high-impact finance executive who brings a compelling blend of strategic finance and insurance experience, well-honed operating skills, and leadership abilities,” Kuhn said. “He will be a strong partner as we continue to grow our platform to position Westfield Specialty for sustainable, long-term growth, and profitability.”
Following its 2025 success, the company is preparing for a major European launch in April 2026. By establishing a subsidiary in Luxembourg, Westfield Specialty will expand from a Lloyd’s-only vehicle into the company market. This platform will allow the firm to underwrite risks on “company paper,” offering brokers an alternative to its existing Syndicate 1200 capacity.
“The launch of our Luxembourg operation in 2026 marks our strategic expansion into Europe and demonstrates our unwavering commitment to being an agile partner to our brokers and clients,” Kuhn said.
In January, the firm announced the appointment of Cornelia Röskau as the chief executive officer of Westfield Specialty Europe. Based in Luxembourg, Röskau will lead the firm’s expansion into the European company market.
New specialized offerings are also driving growth. The firm launched a new cyber insurance team in late 2025, led by Ben Watson. Furthermore, the company has expanded its energy and marine treaty lines, with new hires like Robert Copp and Andrew Richardson joining the London-based team.
