Liberty Specialty Markets expands Lloyd’s business

Company will now include onshore energy and construction as part of its syndicate business

Liberty Specialty Markets expands Lloyd’s business

Insurance News

By Paul Lucas

In an effort to leverage its position with Lloyd’s on a grander scale, Liberty Specialty Markets has announced the expansion of is syndicate business.

The specialist, part of Liberty Mutual Insurance Group, will now include onshore energy and construction among its portfolio.

According to Mike Gosselin, LSM’s chief underwriting officer – specialty, the group has actually been writing energy and construction business in the London market for 15 years, but this move will allow it to expand its distribution.

“This move allows us not only to leverage our involvement in Lloyd’s across more sectors and on a global scale, but builds on our market-leading experience of delivering exceptional and consistent client service,” he said. “Our use of risk engineering and in-house claims expertise is fundamental to the development of long-term relationships with our clients and provides our unique perspective in the onshore energy and construction sectors.”

LSM’s onshore energy team (downstream, upstream, power generation, and heavy industries) provides cover for ‘all-risks’ property damage and resulting business interruption on a worldwide basis. The construction team delivers specialist risk and insurance solutions for a broad range of global construction projects, from integrated refineries through to metro systems.

Related stories:
Liberty Specialty Markets becomes newest Berne Union member
Liberty appoints reinsurance business development chief


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