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.
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