LSM launches UK HNW offering with Chubb's Faerestrand
By Navneeta Nandan
July 10 - (The Insurer) - Liberty Specialty Markets (LSM) has expanded its fine art and specie offering in the UK by entering the high-net-worth (HNW) market, led by new hire Benjamin Faerestrand.
Faerestrand, whose appointment is effective immediately, will be based in London and report to James Garthwaite, senior underwriter for fine art and specie at LSM.
In his new role, Faerestrand will work closely with the fine art and specie teams in Europe and the U.S. to expand Liberty's offerings for HNW clients with international needs.
He will also lead the development and execution of the UK HNW business strategy, including underwriting standards, product innovation, broker engagement and new business growth.
Faerestrand joins LSM from Chubb, where he most recently served as strategic account and team manager.
Last month, LSM restructured its UK and Middle East and North Africa region into three divisions focusing on marine and aviation, specialty and property, and auto-follow.
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