Art Insurance

AXA Art forms partnership with Collectrium

AXA Art will offer collection management company’s Collectrium services to its clients. The service will be rolled out over two years and then offered as a discount to clients. Collectrium will allow AXA Art’s clients to manage confidential art collection data, upload images and other information; and benchmark their collections …

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Art InsuranceArt Risk

Partnership between Hiscox and Collectrium

Insurance specialist Hiscox announced on 14 January 2016 the setting up of a partnership with the collection-management platform Collectrium. This partnership will offer Hiscox clients the services of Collectrium – a dematerialised tool for organising and valuating collections — with the aim of reducing the inherent risks of art collection. According …

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Art Insurance

Insurance and Liability in the art world

Fred Weijgertse, Managing Director of the world’s first integrated international fine art logistics company, Crown Fine Art, talks to Private Art Investor about why liability and insurance is a growing issue in the transportation of fine art. How does liability and insurance risk tie into what Crown Fine Art are …

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Art FinanceArt InsuranceNews

AXA Strategic Ventures invests in Art2M

AXA Strategic Ventures has invested 500,000€ in Art2M, a start-up art and connected objects company for investors and artists. The investment will help Art2M develop their overseas presence in the United States and China. Anne-Cécile Worms, CEO of Art2M said: “This investment will allow Art2M to develop its portfolio of exclusive …

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Art InsuranceNews

Insurance and globalisation: an interview with Alexandre de Lisle, director at Eeckman Art & Insurance

Eeckman Art & Insurance is a brokerage and insurance firm specialized in works of art. Present in Belgium, France and Switzerland, it is recognized by the insurance companies and international art experts. Art Media Agency went to meet Swiss-French director Alexandre de Lisle. How did you arrive at Eeckman? I …

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Art InsuranceArt RiskNews

How secure is your art piece?

How secure is your art piece? Investment portfolios may fluctuate, but an investment in fine art has never been more of a calculated investment. However, protecting that asset has also become more of a challenge, despite vast improvements in security systems and techniques. A change in how we regard asset …

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Art Insurance

Free E-Magazine adds tips for art collectors

Chubb Personal Insurance has added a new section to its Accent by Chubb lifestyle e-magazine to provide clients and the general public with timely articles on buying, selling and protecting art, antiques, jewellery, classic cars and other collectibles. “By broadening the content available through our popular e-magazine, Chubb is now able to share …

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Art Insurance

AM Best downgrades issuer credit rating of AXA Art Insurance Company

Ratings agency AM Best has downgraded the issuer credit rating to “a” from “a+” and affirmed the financial strength (FSR) rating of A (Excellent) of AXA Art Insurance Corporation (AXA Art) (New York, NY). The outlook for these ratings has been revised to negative from stable. Concurrently, AM Best has affirmed the …

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Art Insurance

Time to get that Picasso revalued?

Christie’s record breaking sale of Picasso’s Femmes d’Algers for $179m last month raises an interesting question for collectors: should they rush to get their Picassos revalued in the light of this stellar sale, and is existing insurance adequate to cover these paintings should loss or damage occur? “You have to …

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Art Insurance

Conservation of Contemporary art: Do we care? Should we care?

“Restorers have done more damage to art in the UK than Luftwaffe.” Robert Hiscox, honorary president of Hiscox and a contemporary art collector was happy to wind up an audience largely comprised of conservators at the Royal Institution Annual Hiscox debate. Mark Lawson, a UK journalist, writer and broadcaster, also …

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