Westfield Specialty posts 89.4% CoR and underwriting income of $58m in H1’25

Westfield Specialty, a global specialty insurance carrier, has reported a combined ratio of 89.4% and underwriting income of $58 million for the first half of 2025, which are “well ahead of planned results”.

According to the insurer, its diversified growth strategy, including renewal rights transactions and organic growth through new underwriting teams, has helped drive gross written premium (GWP) to $890 million in the first half of 2025.

GWP for the period is split 51% from its US platform and 49% from its international operations.

The firm also reported that the international arm produced $438 million in GWP with a 89.4% combined ratio, while its US operation produced $452 million in GWP with a combined ratio of 89.1%.

Overall, the insurer’s GWP grew by 13%, with the US contributing 21.5% in growth and the international segment contributing 5.4% in H1’24.

Westfield Specialty leverages the financial strength of Ohio Farmers Insurance Company (OFIC), a US-based property and casualty insurance company and the well-established Lloyd’s of London Syndicate 1200.

Jack Kuhn, President, Westfield Specialty, commented, “The emphasis has been on profitable growth at Westfield Specialty, and that focus will continue to be the key driver as the insurer evaluates accretive opportunities to further diversify its portfolio.”

He added, “We are very pleased with our financial results so far in 2025 in a challenging and evolving marketplace. We look forward to building on our strong results in the second half of this year. I am particularly pleased with the strong growth shown in the UK and Dubai, which now make up half of Westfield Specialty’s GWP.”

Westfield Specialty currently underwrites six lines of business in the US, fourteen in the UK, and five in Dubai.

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