Westfield Specialty, a global specialty insurance carrier, has announced its financial results for the first quarter of 2026, reporting gross written premium (GWP) of $559 million, a 31% year over year increase, alongside a combined ratio of 95.7%.
Despite a more active loss environment during the quarter, these results exceeded the company’s expectations.
The successful implementation of Westfield Specialty’s diversified underwriting strategy drove sustained growth momentum across various product lines.
Specialty U.S., which now includes the firm’s Surety results, generated $298 million in GWP, up 41% year over year, while Specialty International delivered $261 million in GWP, a rise of 21%.
Continued investments in underwriting talent and platform capabilities are enhancing operating leverage and profitability while supporting scalable growth for the firm.
Jack Kuhn, President of Westfield Specialty, said: “Our first quarter results demonstrate the strength and resilience of Westfield Specialty’s diversified platform. We continued to achieve strong premium growth while maintaining disciplined underwriting performance in a dynamic market environment.”
Westfield Specialty explained that its underwriting portfolio remains broadly diversified across geographies and product lines, enabling the business to navigate market volatility while continuing to support brokers and clients with flexible specialty insurance solutions.
Kuhn commented: “The investments we’ve made in underwriting talent, product capabilities, and technology continue to support profitable growth across our portfolio. We are particularly encouraged by the strong execution of our international team as they continue reshaping the business for long-term success, as well as the successful launch of our Luxembourg company market platform under the leadership of Cornelia Roskau.”
The insurer has also expanded its domestic capabilities by adding specialised Inland Marine expertise to its US team, a service that can now be provided to brokers.
“Additionally, we are now seeing tremendous momentum driven by the continued expansion of our accident and health team. The growth we are seeing in A&H is ahead of schedule, so we’re looking to capitalize on that more than on some of our other product lines that might be in a softer market right now,” Kuhn continued.
Concluding: “As we enter our fifth full year of operation, we remain focused on delivering sustainable profitable growth. Our performance reflects disciplined execution, diversified expansion, and a clear long-term strategy that positions specialty lines as a key driver of enterprise growth, diversification, and profitability.”
