Liberty Specialty Markets (LSM) has named Benjamin Faerestrand as its UK Excessive Web Value (HNW) family underwriter to steer its enlargement into the HNW sector.
Faerestrand will report on to James Garthwaite, senior underwriter for effective artwork & specie (FAS).
Garthwaite stated: “Ben’s appointment represents a pivotal second for Liberty as we increase on our current, market-leading FAS providing within the UK by means of coming into the HNW market within the area. His market information and expertise present a powerful basis for constructing a compelling different for purchasers.”
Faerestrand remit contains the event of underwriting pointers, product innovation, dealer relationship administration, and the pursuit of recent enterprise alternatives.
Bringing shut to fifteen years of trade expertise to the function, Faerestrand has a background that features a current place as strategic account and crew supervisor at Chubb.
Previous to that, he served as an artwork and personal shopper improvement underwriter for eight years {and professional} historical past spans regional areas similar to London, Colchester, and York.
LSM’s enterprise into the HNW market is a part of a broader technique to create a providing inside the Lloyd’s market, utilising each open market and delegated authority channels to ship its companies.
Moreover, Faerestrand will collaborate with LSM’s FAS groups in Europe and the US.
Final month, LSM appointed new divisional administrators to handle three newly established divisions within the UK and the Center East and North Africa (MENA) area.
Meghan Walker appointed to steer the marine & aviation division, whereas Mike Burle to supervise the speciality division, encompassing effective artwork & specie, battle & terrorism, and accident & well being.
