The latest from Westfield Specialty;
Westfield Specialty International has announced that its Syndicate Business Forecast for 2025 has been approved by Lloyd’s at £774m, a £56m or 8% increase on its 2024 forecast.
The Syndicate has grown steadily since its February 2023 acquisition by Westfield and is likely to see continued expansion in the coming years as the business matures. By the end of 2025, the Syndicate aims to achieve overall growth of 33% from pre-acquisition levels whilst delivering durable, profitable returns.
Graham Evans, Executive Vice President and Head of International Insurance, Westfield Specialty, commented:
“We have worked hard over the last year to consolidate and integrate our underwriting platform into the Westfield brand. For the first time, in 2025, I am excited that we will present a fully aligned ‘Westfield Specialty International’ proposition to the London market.”
“This is an exciting time for our London-based business. We have several new products that are now growing towards maturity, in particular property and professional lines along with additional underwriting and product resource expected to contribute profitable growth opportunities through the second half of 2025 and beyond”.
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