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Liberty Specialty Markets announces capacity boost

Liberty Specialty Markets announces capacity boost | Insurance Business

Liberty Specialty Markets announces capacity boost

One of the units at Liberty Specialty Markets (LSM) is getting an upgrade.

In an announcement, LSM said its capacity for fine art & specie risks has now been upped to $250 million. The increased line size will be available worldwide through the firm’s dedicated fine art & specie underwriters in London, New York, Zurich, Paris, Cologne, Madrid, The Hague, and Boston.

“This is about investing in our fine art & specie book in order to elevate our platform and expand our global offering,” explained Mike Burle (pictured), head of marine at LSM. “We’re seeing greater demand from both our clients and broker partners and are serious about meeting it.

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

LSM’s fine art & specie clients include world-famous museums, vaults, and multi-national banks.