Liberty walks 'The Line' with cover for giant sculptures

26 May 2015, LONDON – Nine huge contemporary art sculptures placed beside an East London waterway to create a new world-class sculpture trail are to be insured at no cost to the project, thanks to Liberty Specialty Markets (LSM), which is part of Liberty Mutual Insurance Group.

The Line will feature 30 publicly-accessible sculptures placed on the banks of the River Lea, a three mile walk linking London’s Olympic Park with the O2 venue. The trail includes nine contemporary art sculptures, including works by Damien Hirst and Eduardo Paolozzi.

LSM is ‘The Line’s Official Insurance Partner’ and this sponsorship is part of its corporate social responsibility programme, which includes a commitment to help communities to prosper. LSM has close links with East London due to its charitable activities over many years and its involvement with the Lloyd’s charities working in this area.

In addition, LSM has ‘adopted’ a section of river around The Line and donated up to 100 days of its staff’s time to volunteer for the Canal & River Trust, which manages the River Lea.

Matthew Moore, LSM’s Group Chief Underwriting Officer, said: “With our specialism in fine art underwriting and our focus on helping East London communities, The Line seemed to be the perfect opportunity for us to get involved.”

“Thousands of people will have the chance to explore a less well-known part of London and see some magnificent sculptures, all for free. The contemporary art works, most of which have been valued at six-figure numbers, needed insurance cover and we were delighted to step in to assist,” he added.

The Line’s official launch took place on 23 May.

Pictured is Michael Burle, Underwriter - Fine Art & Specie for Liberty Specialty Markets with ‘Vulcan’ by Eduardo Paolozzi at Royal Docks E16.

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About Liberty Specialty Markets

Liberty Specialty Markets offers specialty and commercial insurance and reinsurance products across key UK, European, Middle East, US and other international locations. We provide brokers and insureds with a broad product range through both the Company and Lloyd’s markets and have approximately 900 employees in 25 offices.

About Liberty Mutual Insurance Group

Liberty Mutual Insurance Group helps people preserve and protect what they earn, build, own and cherish.  Keeping this promise means we are there when our policyholders throughout the world need us most.

In business since 1912, and headquartered in Boston, Mass., today Liberty Mutual Insurance Group is a diversified insurer with operations in 30 countries and economies around the world.  The company is the third largest property and casualty insurer in the U.S. based on 2013 direct premium written as reported by the National Association of Insurance Commissioners.

Liberty Mutual Insurance Group is ranked 76th on the Fortune 100 list of largest corporations in the U.S. based on 2013 revenue.  As of December 31, 2014, the company had $124.3 billion in consolidated assets, $104.0 billion in consolidated liabilities, and $39.6 billion in annual consolidated revenue.

Liberty employs more than 50,000 people in approximately 900 offices throughout the world, and we offer a wide range of insurance products and services, including personal automobile, homeowners, accident & health, commercial automobile, general liability, property, surety, workers compensation, group disability, group life, specialty lines, reinsurance, individual life and annuity products.

You can learn more by visiting www.libertymutualinsurance.com.