Liberty Specialty Markets Bolsters Fine Art and Specie Underwriting Team

Liberty Specialty Markets (LSM) has appointed Ross Drabble as deputy class underwriter for fine art and specie.

Ross joins from the insurance broker Willis, where he worked for five-and-a-half years, most recently as a broker in the company’s fine art and specie division.

Reporting to Mike Burle, LSM’s class underwriter for fine art, specie and terrorism, Ross takes up his new role with immediate effect.

Matthew Moore, Chief Underwriting Officer – Specialty and Reinsurance for LSM, said: “Our fine art and specie underwriters have established themselves as leaders in the London market with solid growth in their book. As this is a class in which we see considerable opportunities, particularly as the global financial situation is returning to full health, we’ve created this new post in direct response to the demand we’re seeing.

“Ross’s experience of the broker’s perspective will add real value to LSM’s offering in the sector and makes him a valuable addition to our Lloyd’s-based team.”

Ross graduated from Southampton University and is currently studying for his Advanced Diploma in Insurance from the Chartered Insurance Institute.

LSM underwrites a global portfolio of fine art and specie business across a broad cross section of the industry. Fine art clients include commercial galleries, dealers and auction houses, with a particular focus on private collections, museums and fine art exhibitions. The specie risks underwritten are predominantly vault exposures for the storage of bullion, cash and negotiable and non-negotiable securities. In addition to covering banks and financial institutions on a physical loss or damage basis, cash in transit and jewellers block cover can also be provided.
 

Notes to editors:

About Liberty Specialty Markets
Liberty Specialty Markets (libertyspecialtymarkets.com) is the trading name for the combined operation of Liberty Mutual Insurance Europe Limited, Liberty Managing Agency Limited and Liberty Mutual Reinsurance. It has over 900 employees in 28 offices throughout the UK, Europe and the rest of the world. Liberty Specialty Markets is part of global insurer Liberty Mutual Insurance Group.

About Liberty Mutual Insurance Group
“Helping people live safer, more secure lives” since 1912, Boston-based Liberty Mutual Insurance Group is a diversified global insurer and the third largest property and casualty insurer in the U.S. based on 2013 direct premiums written, as reported by the National Association of Insurance Commissioners.

Liberty Mutual Insurance Group also ranks 81st on the Fortune 100 list of largest corporations in the U.S. based on 2012 revenue. As of December 31, 2013, Liberty Mutual Insurance Group had $121.2 billion in consolidated assets, $102.2 billion in consolidated liabilities and $38.5 billion in annual consolidated revenue.

Liberty Mutual Insurance Group offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, property, commercial automobile, general liability, global specialty, group disability, reinsurance and surety. Liberty Mutual Insurance Group (www.libertymutualinsurance.com) employs over 50,000 people in more than 900 offices throughout the world.