Liberty Special Markets bolsters fine art and specie team

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

Drabble 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.