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. It will also make a series of investments in its French business.
Kadidja Sinz, LSM’s head of Continental Europe, confirmed that LSM will roll out in the first quarter of 2018 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.
In addition, 10 new roles are also being created during the year. The business also will invest in commercial relationship management systems and web-based technical underwriting tools.
The company aims to ensure that “its French business offers among the best service levels to brokers and clients in the French commercial insurance market,” said Sinz.
Source: Liberty Specialty Markets (LSM)