Underwriting Risk Services (URSL), the specialist yacht, marine trades and fine art insurer, is to increase its single line limits on its leading specialist lines.

URSL will be doubling its fine art limit to $40m and its yacht limit will rise to over $58m.

Nicholas Hales, managing director of URS said: "This is a very significant step forward for the URSL business model and our all-important client service capabilities.

"The increased limits take URSL to a completely new level within its niche marketplace. Together with a number of other developments on the product and service sides which we have in the pipeline, we look forward to this being an exciting year for URSL."

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