Liberty Specialty Markets (LSM) has named Benjamin Faerestrand as its UK High Net Worth (HNW) household underwriter to lead its expansion into the HNW sector.  

Faerestrand will report directly to James Garthwaite, senior underwriter for fine art & specie (FAS).  

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 remit includes the development of underwriting guidelines, product innovation, broker relationship management, and the pursuit of new business opportunities. 

Bringing close to 15 years of industry experience to the role, Faerestrand has a background that includes a recent position as strategic account and team manager at Chubb.  

Prior to that, he served as an art and private client development underwriter for eight years and professional history spans regional locations such as London, Colchester, and York. 

LSM’s venture into the HNW market is part of a broader strategy to create a offering within the Lloyd’s marketplace, utilising both open market and delegated authority channels to deliver its services. 

Additionally, Faerestrand will collaborate with LSM’s FAS teams in Europe and the US. 

Last month, LSM appointed new divisional directors to manage three newly established divisions in the UK and the Middle East and North Africa (MENA) region. 

Meghan Walker appointed to lead the marine & aviation division, while Mike Burle to oversee the speciality division, encompassing fine art & specie, war & terrorism, and accident & health.