Liberty Specialty Markets rolled out its fine art and specie insurance product across Asia on Tuesday, expanding specialist coverage for businesses and individuals who own, store, or transport high-value assets.

The offering covers fine art, general specie, cash-in-transit, and jewellers block, with underwriting limits of up to US$250 million for fine art and general specie, and up to US$30 million for cash-in-transit and jewellers block. The product is backed by a team of nearly 40 fine art and specie specialists worldwide.

Liberty Specialty Markets is a unit of Liberty Mutual Insurance Group, a Fortune Global 500 company ranked as the ninth-largest global property and casualty insurer, with more than US$50 billion in annual consolidated revenue.

The company said the Asia launch responds to rising demand from brokers and clients in the region, where it plans to grow its footprint for specialist insurance solutions.

“We are pleased to launch our fine art and specie offering in Asia,” said Edrick Tang, senior underwriter for fine art and specie Asia at Liberty Specialty Markets. “The region’s market for high-value assets is maturing rapidly. Beyond paintings, we insure tangible items that matter to people and institutions every day, from bullion and collectible cars to wine and whiskey collections. This is what drives our approach at Liberty – helping businesses and individuals protect what they earn, build, and own.”

Tang, who joined Liberty in January 2026, leads underwriting and growth for the product line across Asia, working with brokers, agents, and clients on complex and customized placements.

The launch comes as the Asia-Pacific fine art insurance market continues to expand at a pace that outstrips other regions. The Asia-Pacific market was estimated at $700 million in 2025, holding a 21.6% share of the global market and growing at a compound annual growth rate of 5.3%. Separate forecasts project even steeper growth at the segment level, with Asia-Pacific fine art policies growing at a CAGR of roughly 5.8%, driven in part by new collectors who enter the market through lower-cost named-peril policies before moving toward broader coverage.