Liberty boosts specie capacity globally

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

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

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

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

“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,” Burle added.

Get all the latest re/insurance industry news with our daily newsletter -  sign up here.

More of today's news

Typhoons put pressure on Tokio Marine, MS&AD, Sompo

ILS activity jumps 54% YOY following 2017 hurricanes

RenRe responds to investor call to seek a buyer

AXA XL partners with insurtech Parsyl for marine offering

Marsh to launch blockchain solution for gig economy

Don't miss our insurtech email newsletter - sign up today