Thursday, 21st May 2026
Khabor Wala Desk
Published: 26th March 2026, 3:19 AM
Liberty Specialty Markets has broadened its presence in Asia with the launch of its fine art and specie insurance offering, marking a strategic step into a region experiencing rapid growth in high-value asset ownership. The move is aimed at providing both individuals and institutions with comprehensive and bespoke protection for valuable and collectible items.
The new insurance line covers fine art, general specie, cash-in-transit, and jewellers’ block, supporting highly customised placements for complex risk profiles. Liberty can underwrite up to $250 million for fine art and general specie, while limits for cash-in-transit and jewellers’ block reach $30 million. This capacity demonstrates the company’s readiness to handle significant exposures for premium clients.
Backed by a team of nearly 40 fine art and specie specialists worldwide, Liberty combines local market insights with global underwriting and claims expertise. This allows the company to deliver solutions that meet the unique requirements of Asian collectors and institutions, addressing everything from secure transport to storage and display of high-value items.
“The Asian market for high-value assets is evolving at pace. Our coverage extends beyond paintings to bullion, collectible cars, and curated wine and whiskey collections,” said Edrick Tang, Senior Underwriter, Fine Art & Specie Asia.
Tang, who joined Liberty in January 2026, leads the underwriting and growth strategy for the region. He collaborates closely with brokers, agents, and clients to structure tailored solutions for complex placements, ensuring that unique and high-risk assets are adequately protected.
| Coverage Type | Maximum Limit (USD) | Scope & Examples |
|---|---|---|
| Fine Art & General Specie | 250,000,000 | Paintings, sculptures, antiques, bullion |
| Cash-in-Transit | 30,000,000 | Secure transport of cash or valuables |
| Jewellers’ Block | 30,000,000 | Jewellery stock, both retail and wholesale |
| Collectibles & Special Items | Flexible | Collectible cars, rare wines, whiskey collections |
Analysts highlight that Asia’s high-value asset sector is increasingly seeking insurers capable of combining significant financial capacity with specialised expertise. Liberty’s entry addresses this demand, positioning the company to compete in a market where collectors and institutions require nuanced and bespoke insurance solutions.
With Tang at the helm, Liberty Specialty Markets is set to leverage its global network while offering locally informed, highly customised coverage. This move reinforces the company’s commitment to the region and underscores the growing importance of fine art and specie insurance in Asia’s expanding luxury and collectibles market.
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