Faerestrand to spearhead LSM’s launch into UK HNW market

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has launched its High Net Worth (HNW) offering in the UK with the appointment of Benjamin Faerestrand as Household Underwriter.

Based in London, Faerestrand will be reporting to James Garthwaite, Senior Underwriter, Fine Art & Specie (FAS).

The executive’s new role will involve defining and executing the UK HNW business plan. This includes developing underwriting guidelines and products, managing broker relationships, and fostering new business.

He will collaborate closely with LSM’s FAS teams in Europe and the US to enhance the company’s offerings for HNW clients with international needs.

Faerestrand brings close to 15 years of industry experience, having most recently served as Strategic Account and Team Manager at Chubb.

Prior to that, he was an Art and Private Client Development Underwriter for eight years. His expertise lies in underwriting and client relationship management, developed through work in regional hubs such as London, Colchester, and York.

LSM is strategically entering the UK’s HNW market aiming to build a distinct Lloyd’s proposition in the market, which will be primarily delivered via the Lloyd’s platform across both open market and delegated authority channels.

Garthwaite commented: “Ben’s appointment represents a pivotal moment for Liberty as we expand on our existing, market-leading FAS offering in the UK through entering the HNW market in the region. His market knowledge and experience provide a strong foundation for building a compelling alternative for clients.”

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