Westfield Specialty Reports Financial Growth and Leadership Expansion

Westfield Specialty has reported significant achievements in the fiscal year 2025, expanding its leadership team and preparing for geographic and market growth. Supported by Westfield and Lloyd’s of London Syndicate 1200, the company is strengthening its global presence.

Notable financial highlights include gross written premiums (GWP) reaching $1.93 billion, exceeding internal expectations. The firm reported an underwriting income of $87.2 million and a combined ratio of 93.1%. Company President Jack Kuhn credited these results to strategic talent acquisition and a focus on diversifying the business portfolio. He noted that success stemmed from attracting top-tier talent and empowering underwriters to explore new risk categories.

The GWP was split between domestic and international markets, with the U.S. contributing 55% and international markets accounting for the remaining 45%.

In leadership updates, Will Chen has been appointed as the Chief Financial Officer for the U.S. operations, reporting to Kuhn. Chen brings over three decades of experience in the specialty insurance industry, having served at companies like Ascot, Argo Group, and AIG. Kuhn expressed confidence in Chen’s leadership, citing his strengths in strategic finance and operational acumen.

Looking forward, Westfield Specialty is set to expand into Europe with a Luxembourg subsidiary launching in April 2026. This move will transition the company from a solely Lloyd’s-based entity to offering underwritten risk solutions on company paper, providing brokers with new capacity options. Kuhn emphasized this expansion as crucial to enhancing service offerings to clients and partners.

Additionally, Cornelia Röskau has been appointed as the CEO of Westfield Specialty Europe, to lead the company’s entry into the European market from Luxembourg. The firm is also innovating in its service offerings with a new cyber insurance team led by Ben Watson and bolstering its energy and marine treaty divisions with strategic hires like Robert Copp and Andrew Richardson to strengthen the London team.