Art InsuranceOpinion

Good Title?

The American Land Title Association has – in its words – been “protecting the American dream since 1907”. The association launched 54 years after the Law Property Assurance and Trust Society, the first title insurance company, was formed in Pennsylvania in 1853. Nearly all US real estate transactions involve title …

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Art Insurance

Nick Brett: my plans for AXA ART

Nick Brett, the new CEO of AXA ART Insurance’s UK operation is going to take the company to new places – both geographically and in terms of its product offering. He told Private Art Investor about his vision. Taking the helm at AXA ART is a career high for Brett. He …

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Art InsuranceArt Risk

ARIS Art Title Insurance: “Ownership is everything”

“Unless you buy direct from the artist, there is always going to be unknowable information about an object,” says Judith Pearson, president, of ARIS. “Therefore one are can not eliminate every ownership risk for an artwork.” The role of Pearson’s company is to insure ownership risks so that art owners …

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Art Insurance

Nick Brett promoted to chief executive of AXA Art

Nick Brett has been promoted to chief executive of AXA ART Insurance Limited. Brett comes from an art market background with a particular interest in English C18th works of art. Since joining AXA ART in 2000, he has contributed significantly to building AXA ART’s team. Following his appointment to underwriting …

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Art Insurance

Fine art insurer Ecclesiastical Insurance Group partners with Risk Control Technologies

Fine art insurer Ecclesiastical Insurance’s UK and Ireland operations have partnered with Risk Control Technologies, a provider of loss control and risk management software solutions for insurers. The move is intended to enhance Ecclesiastical’s customer and underwriting risk management propositions.  It also marks the expansion of the Risk Control Technologies …

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Art Insurance

ACE Global Markets increases fine art and specie capacity

ACE Global Markets, the London-based wholesale insurance division of ACE Group, is to offer increased capacity of up to US$100 million for clients seeking fine art and specie insurance coverage as client demand for this type of cover grows. The ACE Global Markets fine art and specie team provides innovative …

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Art Insurance

Online art market grows 68% in a year

Confidence in buying art online is soaring, with virtual art platforms rapidly establishing meaningful foundations, according to new research released today by specialist insurer Hiscox. The Hiscox Online Art Trade Report 2015 found that the value of the online art market has risen from $1.57 billion in 2013 to an …

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Art InsuranceOpinion

Hold the excitement

Art insurance and storage are not meant to be exciting business. That is why art warehouses are built in places like Geneva, Singapore and Luxembourg with stable economies and political climates rather than on earthquake fault lines in unstable republics. And no one wants problems with their insurers. This week …

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Art Insurance

Willis appoints Seth Peller as global CEO for fine art, jewellery and specie

Willis Group Holdings, the global risk adviser, insurance and reinsurance broker, has appointed Seth Peller as Global CEO of its Fine Art, Jewellery and Specie division. Based in London, he takes up his new role with immediate effect. Peller has more than 20 years of experience in the insurance industry …

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Art Insurance

Art insurance: make sure you are properly covered

No one buys art to do paperwork, but the key to protecting your art collection is good records. “You really have to know what you have. Maintaining some sort of an inventory, especially one you can access in the event of a catastrophic loss, is really important because if you …

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