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 …

READ MORE →
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 …

READ MORE →
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 …

READ MORE →
Art Insurance

Willis sues JLT over art team defection

Insurance broker Willis has begun legal proceedings against former employee David Gordon and rival broker Jardine Lloyd Thompson (JLT) following the defection of Gordon and more than 20 of its executives to fill JLT’s jewellery, fine art and specie team. The defection at the beginning of April saw Gordon appointed …

READ MORE →
Art FinanceArt Insurance

Art as collateral: getting the insurance right

As the value of individual artworks in private collections increases, more collectors are seeking to release some of the value held in their art collections by using their art as collateral for loans. “People that have substantial collections also tend to have substantial wealth in other areas – generally they …

READ MORE →
Art Insurance

New conceptual art insurance solution launched

A new insurance solution for private clients with conceptual art collections has been launched by strategic risk and insurance advisor Crystal & Company in partnership with AIG Private Client Group, a division of the member companies of American International Group, Inc. (AIG). Conceptual art, like that created by Dan Flavin …

READ MORE →
Art Insurance

JLT Specialty recruits over 20 Willis executives to fill its specie, fine art and jewellery ranks.

Over 20 Willis executives have moved to JLT to run its specie, fine art and jewellery division. David Gordon will be chief executive officer of the division. He was previously global managing director, Willis fine art, jewellery and specie, and prior to that held senior roles at Marsh and Sedgwick. Barry …

READ MORE →
Art Insurance

Living artists should approve restoration plans, Chubb advises

Before carrying to restoration on damaged work by a living artist, permission must be obtained from the artist to carry out the work. This is the key message of a new white paper on “Conservation of the Works of Living Artists,” released this week by the Chubb Group of Insurance …

READ MORE →
Art Insurance

Fine Art practice helps Chubb win award

Chubb’s creation of a Fine Art practice is one of several measures over the past year that have helped it win a significant industry award, said Kathleen Tierney, chief operating officer of Chubb Personal Insurance. The Chubb Group of Insurance Companies has been recognized as the Best High-Net-Worth Insurance Company …

READ MORE →
Art BusinessArt Insurance

AXA Art reorganises, creating regional CEO roles

AXA ART has split is art business into four key regions and created three new CEO positions. Sylvie Gleises has become CEO for South-West Europe: Anthony Osborn CEO for North-Europe, the Middle-East and Asia-Pacific; and Christiane Fischer is CEO for the Americas. Glieses was formerly executive assistant to Henri de …

READ MORE →