Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, is to broaden the range of product lines underwritten by its French operation and increase the size of its team there. It will also make a series of investments in its French business.
Speaking at the AMRAE risk managers’ conference in Marseille, France, Kadidja Sinz, (pictured) LSM’s Head of Continental Europe, spelled out the plans for ensuring its French business offers among the best service levels to brokers and clients in the French commercial insurance market.
Sinz confirmed that LSM will roll out four new lines of business in France: surety, fine art and specie, contingent risk and terrorism.
The surety product will be focused on major French exporters and construction firms, while fine art and specie will include coverage for museums and shows as well as private collectors.
All four products will be launched during the first quarter of 2018.
In addition, ten new roles are also being created during the year. The business is also to invest in commercial relationship management systems and web-based technical underwriting tools.
Kadidja Sinz said: “By growing our offering with new specialty lines, we’re firmly on course to be among the best specialised insurers in each of the European countries in which we’re active. France is our largest operation in this area and will continue to offer brokers and their clients the most comprehensive suite of specialty lines.”
Last month Liberty Speciality appointed Chris Hall as Senior Underwriter at its London offices. Liberty also gave Chris Sawyer responsibility for Global Risk Management in the Asia-Pacific region in January. In December Liberty said it planned to re-domicile its EU operations to Luxembourg, but would maintain a strong presence in London, post-Brexit.
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