# Liberty’s Gfr Team Enters Project Finance Market
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2017-11-16
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Liberty Specialty Markets Launches New Project Finance Offering
Meta Description: LSM introduces credit insurance for large-scale energy and infrastructure projects led by Senior Underwriter, Sam Wilde. Up to $50m cover per transaction for
URL: https://financedigest.com/libertys-gfr-team-enters-project-finance-markethtml

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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 ](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd161117-9-214x300-1736843250856-compressed.jpg)

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](https://www.financedigest.com/italys-de-nora-teams-up-with-ges-on-hydrogen-battery-project.html "Italy’s De Nora teams up with GES on hydrogen battery 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](https://www.financedigest.com/unconventional-gas-market-to-observe-strong-development-by-2018-2026.html "Unconventional Gas Market to Observe Strong Development by 2018-2026") 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](https://www.financedigest.com/iraq-and-total-sign-27-billion-energy-projects-deal.html "Iraq and Total sign  billion energy projects deal"). 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](https://www.financedigest.com/global-growth-headed-down-as-inflation-surge-to-endure.html "Global growth headed down as inflation surge to endure") 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](https://www.financedigest.com/trusting-in-trust-marks-enhancing-consumer-trust-in-your-ecommerce-business.html "Trusting in trust marks: enhancing consumer trust in your ecommerce business ").

“With [huge growth](https://www.financedigest.com/quad-flat-no-lead-packaging-market-huge-growth-opportunity-between-2017-2027.html "Quad-Flat-No-Lead Packaging Market Huge Growth Opportunity between 2017-2027") 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](https://www.financedigest.com/organic-soy-products-market-outlook-current-and-future-industry-landscape-analysis-2029.html "Organic Soy Products Market Outlook, Current and Future Industry Landscape Analysis 2029").

“These are long-term [projects with very lengthy lead](https://www.financedigest.com/arora-project-have-experienced-out-of-this-world-returns-with-their-lead-generation.html "Arora Project have experienced out-of-this-world returns with their lead generation") 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](https://www.financedigest.com/industrial-automation-incentives-by-governments-in-emerging-economies-drive-industrial-robots-market-fmi-study.html "Industrial Automation Incentives by Governments in Emerging Economies Drive Industrial Robots Market: FMI Study") economies.”


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