Global specialty insurance company Westfield Specialty reported fiscal year 2025 (FY’25) underwriting revenue of $87.2 million, with a combined ratio of 93.1%.
By the end of 2025, gross written premiums (GWP) will reach US$1.93 billion. The insurer explained that the figures meant the results were significantly ahead of schedule. In 2024, Westfield Specialty reported a quality portfolio of over $1.5 billion.
FY25 GWP was relatively evenly distributed across regions, with the U.S. business contributing 55% and London-based Westfield Specialty’s international business contributing 45%.
In 2025, the global warming potential of the US special business will reach US$948 million, the global warming potential of the guarantee business will reach US$105 million, and the global warming potential of the international business will reach US$874 million.
By comparison, U.S. operations contribute $734 million in GWP and international operations contribute $823 million in GWP by 2024.
Jack Kuhn, President of Westfield Specialty, commented: “Westfield Specialty’s success in 2025 will be driven by our ability to attract and retain the best talent in the market, which supports our philosophy of helping underwriters pursue new risks and expand our portfolios.
“With investments in the UK, US and Dubai, our team has developed deep capabilities to provide a comprehensive first-class service to our clients and brokers.
“The launch of our Luxembourg operations in 2026 marks our strategic expansion into Europe and demonstrates our unwavering commitment to being an agile partner to our brokers and clients, delivering flexible solutions tailored to their needs across multiple geographies.”
