Artemis ILS NYC 2020


Reinsurance News

LSM increases global fine art & specie risk capacity to $250mn

4th October 2018 - Author: Charlie Wood

Liberty Specialty Markets, part of Liberty Mutual Insurance Group, has increased its capacity for fine art and specie risks to $250 million globally.

liberty-specialty-marketsLSM’s Head of Marine, Mike Burle, said that the investment is aimed at elevating the company’s platform and expanding its global offering.

“We’re seeing greater demand from both our clients and broker partners and are serious about meeting it,” said Burle.

“This change places us firmly among the tier one insurers for fine art and specie. It makes Liberty Specialty Markets a strong carrier in this space with the ability to form innovative solutions for our clients.”

LSM underwrites a global portfolio of fine art and specie business for a range of clients, including museums, vaults and multi-national banks.

The increased line size will be available worldwide through LSM’s dedicated fine art and specie underwriters in London, New York, Zurich, Paris, Cologne, Madrid, The Hague and Boston.

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous article:
2018 Typhoons may impact creditworthiness of Japan’s insurers: S&P

The recent run of large natural disasters to hit Japan such as typhoon Jebi and typhoon Trami has likely put...