Liberty Specialty Markets launches High Net Worth offering in the UK with new appointment

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has announced the appointment of Benjamin Faerestrand as UK High Net Worth (HNW) Household Underwriter to spearhead LSM’s launch into the HNW market. Reporting to James Garthwaite, Senior Underwriter, Fine Art & Specie (FAS), Faerestrand is based in London. His appointment is effective immediately. 

LSM’s strategic entry into UK HNW demonstrates a commitment to building a differentiated Lloyd’s proposition in the market, to be delivered predominantly via the Lloyd’s platform across both open market and delegated authority channels.

Faerestrand will be responsible for helping define and execute the UK HNW business plan, including underwriting guidelines, product development, broker relationship management, and new business development. In this role he will work closely with our FAS teams in Europe & the US, strengthening Liberty’s capabilities for HNW clients who have particular needs across international markets.

Garthwaite said: “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.”

Faerestrand brings nearly 15 years of industry experience, most recently holding the role of Strategic Account and Team Manager at Chubb. He was previously an Art and Private Client Development Underwriter for eight years. He brings deep expertise in underwriting and client relationship management, having worked across regional hubs including London, Colchester, and York.