18 January 2018Insurance

Liberty taps Lloyds Bank exec to lead new trade credit initiative

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has hired a Lloyds Bank executive Chris Hall to boost its credit risk offering.

Hall will join LSM as a senior underwriter and lead the development of its new trade finance insurance initiative.

Based in London, Hall will report to LSM’s head of underwriting and strategic development – global financial risks, Andrew Beechey.

Hall is currently the head of trade asset management for Lloyds Banking Group, which he joined in 2015. He began his career in banking in 2005 with Royal Bank of Scotland, where he held a variety of roles including business development manager, international manager, rising to vice president – trade asset management.

Beechey said: “We are very pleased to have Chris join our team. He’s established a very strong reputation in the trade finance sector as an innovator and strategic thinker.”

Peter Sprent, head of LSM’s global financial risks team, added: “This is a very exciting time for our team at Liberty. We are keen to deliver capacity to support clients and brokers in the most accessible and efficient way for all parties, particularly in the areas of trade and commodity finance.”

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6 March 2018   Liberty Specialty Markets (LSM) will form a $27 billion consortium with the Channel Syndicate and Canopius to provide capacity for its new trade finance insurance initiative Toredo.
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13 February 2018   Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, is launching a platform for transacting specialised trade credit insurance for banks, corporates and commodity traders, according to a Feb. 12 press release.
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25 January 2018   Trade credit insurers are expected to pay some £31 million to help firms in the supply chain recover from the collapse of UK construction company Carillion, according to the Association of British Insurers (ABI).