Westfield Specialty International has secured Lloyd’s approval for its syndicate business forecast for 2025, setting the projected gross written premium (GWP) at £774 million. The forecast reflects an increase of £56 million, or 8%, over its 2024 projection.
Syndicate 1200, which became part of Westfield Specialty in February 2023, has shown steady growth under its new ownership.
By the close of 2025, Westfield Specialty aims to expand the syndicate by 33% compared to its performance prior to the acquisition, with a strategic focus on sustainable, profitable returns.
Graham Evans, executive vice president and international insurance head, highlighted the progress made in aligning the syndicate with the Westfield Specialty branding, noting: “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.”
Evans added that the company’s London operations are at a promising juncture, with new product lines reaching maturity.
“This is an exciting time for our London-based business,” he said.
“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.”
Manned by 400 people globally, Westfield Specialty underwrites nine lines of business in the UK, six in the US, and five in Dubai.
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