Liberty Specialty Markets has entered the high net worth market in the UK, appointing Benjamin Faerestrand (pictured) as UK HNW household underwriter to head up the new offer.

LSM says its strategic entry into the category 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.

Based in London, 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 Liberty’s FAS teams in Europe & the US, focusing on its capabilities for HNW clients who have particular needs across international markets.

James Garthwaite, senior underwriter, FAS at LSM, 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.”