Global specialty insurance company Westfield Specialty announced its financial results for the first quarter of 2026. Gross written premiums (GWP) were US$559 million, a year-on-year increase of 31%, and the combined ratio was 95.7%.
These results beat the company’s expectations despite a more active loss environment during the quarter.
The successful implementation of Westfield Specialty’s diversified underwriting strategy has driven the continued growth of each product line.
Specialty US (which now includes the company’s Surety results) had a GWP of $298 million, up 41% year over year, while Specialty International’s GWP was $261 million, up 21% year over year.
Continued investments in underwriting talent and platform capabilities are improving operating leverage and profitability while supporting the company’s scalable growth.
“Our first quarter results demonstrate the strength and resiliency of Westfield Specialty’s diverse platform,” said Jack Kuhn, president of Westfield Specialty. “We continue to deliver strong premium growth while maintaining disciplined underwriting performance in a dynamic market environment.”
Westfield Specialty explained that its underwriting portfolio remains broadly diversified across geographies and product lines, allowing the company to respond to market fluctuations while continuing to provide flexible specialty insurance solutions to brokers and clients.
Kuhn commented: “Our investments in underwriting talent, product capabilities and technology continue to support profitable growth across our portfolio. We are particularly encouraged by the strong execution of our international team, who continue to reshape the business for long-term success, and the successful launch of our Luxembourg corporate market platform under the leadership of Cornelia Roskau.”
The insurer is also expanding its domestic capabilities by adding dedicated inland marine expertise to its US team, a service now available to brokers.
“In addition, we are now seeing significant momentum from the continued expansion of our accident and health teams. The growth we are seeing in A&H is ahead of schedule, so we want to leverage that more as opposed to some of our other product lines where the market is soft right now,” Kuhn continued.
The conclusion: “As we enter our fifth full year of operations, we remain focused on delivering sustainable profitable growth. Our results reflect disciplined execution, diverse expansion and a clear long-term strategy that positions specialty product lines as a key driver of growth, diversity and profitability for the business.”
