Westfield Specialty, a global specialty insurance carrier, has reported growth of 25% year over year in gross written premium (GWP) to USD 1.18 billion for the first half of 2026, with a combined ratio of 94.3%.
For the second quarter of 2026, Westfield’s GWP increased 20% year over year to USD 622 million, with a 93.3% combined ratio.
The insurer has attributed both increases to continued premium growth, operating leverage, and disciplined expense management supported by “profitable underwriting amid increasingly competitive market conditions.”
The insurer’s Specialty US platform, which included surety, generated GWP of USD 642 million, an increase of 26% year over year, with a combined ratio of 93.7%.
Westfield explained that this was driven by strong new-business momentum and broad-based growth across the platform, partially offset by disciplined underwriting actions in segments with more competitive market conditions. Operating leverage and focused expense management continued to support profitable growth.
The firm’s specialty international segment reported a 23% rise year over year in GWP to USD 540 million, and delivered a 94.8% combined ratio for H1’26. This growth was driven by the platform’s diversification strategy, investments in underwriting talent, stronger broker engagement, and increasing contributions from recently established capabilities.
Jack Kuhn, President, Westfield Specialty, commented, “We are pleased with our half-year results. We continue to gain the benefits of all the investments we have made across the portfolio.
“These strong results are the byproduct of having a broad diversified portfolio, disciplined underwriting strategies, and the continued focus on expense management.”
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