Westfield Specialty posts 89.9% CoR and $92m underwriting income in 9M’25

Westfield Specialty, a global specialty insurance carrier, reported a strong combined ratio of 89.9% for the first nine months of 2025, alongside underwriting income of $92 million, which are “considerably ahead of planned results.”

For 9M’25, gross written premium (GWP) climbed to $1.4 billion, split almost evenly across regions, with 53% of GWP coming from the US business and 47% from Westfield Specialty’s international operations, headquartered in London.

The US business generated $755 million in GWP with a combined ratio of 89.4%, while the international segment delivered $674 million in GWP with a combined ratio of 90.3%.

Westfield attributed this successful performance to an increased emphasis on diversifying Westfield Specialty’s underwriting lines and appetite, including renewal rights transactions and expansion through both new and existing underwriting teams in the first half of 2025. These teams are now delivering strong organic GWP growth.

Jack Kuhn, President of Westfield Specialty, commented, “Our financial results so far this year underscore the effectiveness of our long-term sustainable growth strategy. Ongoing investments in the UK, US and Dubai have yielded strong results, and we remain committed to seeking new opportunities that enable us to further diversify our portfolio and support profitable growth.

“In a year that has also seen us undertake a successful leadership transition in the international business, I am particularly delighted by the results that we continue to see delivered by the London and Middle East teams.”