Connect with us
Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

NEWS

Liberty’s Gfr Team Enters Project Finance Market

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has launched a new project finance offering as part of its Global Financial Risks (GFR) product range.

Peter Sprent

Peter Sprent

Liberty’s GFR team has expanded its coverage to include credit insurance for large-scale energy and infrastructure projects. Led by Sam Wilde, Senior Underwriter, the team has now bound its first project finance transaction, a UK-based renewables project.

LSM is offering up to $50m cover per transaction for up to 15 years duration. The team has developed a strong analytics-driven underwriting strategy, benefiting from access to over 30 years of project finance performance data.

The product also provides the potential for the GFR team to work in tandem with LSM’s Construction and Energy teams which have deep experience of the construction and technology risks inherent in the underlying projects. The various teams can now be involved in the same project, although underwriting different risks associated with it.

Peter Sprent, Liberty’s Head of Global Financial Risks said: “This is an exciting development for us. Large-scale project finance is a non-correlating, diversifying risk that enhances the GFR book of business.

“With huge growth in major renewables projects, even in the traditional oil-rich territories like the Middle East, we see considerable potential for this type of product. Feedback from our brokers has also demonstrated a clear appetite within the market for this LSM product.

“These are long-term projects with very lengthy lead times and the need for a holistic approach to underwriting. By combining data-driven analytics with our team’s in-depth experience, we believe we can provide considerable value to our core clients while supporting projects that make a positive impact on both mature and emerging economies.”

Continue Reading