Liberty Specialty Markets expands in Italy

Liberty Specialty Markets (LSM) has agreed to acquire Italian
Lloyd's coverholder Wholesale Binding Authorities (WBA), it
announced today.
As well as securing WBA's book of business, the acquisition
provides LSM with direct access to the firm's distribution
network and bespoke underwriting and claims platform.
WBA's book of business includes property, fine art, cargo,
personal accident, professional indemnity and public officials'
liability.
The deal consideration was not disclosed. The transact