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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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Art Insurance

MiniCo achieves milestone in its fine art and collectibles program

Over 1,000 agents have now enrolled in the MiniCo Collectibles Insurance program offering coverage for private collections of fine art and other collectibles. Launched in late 2011, MiniCo Collectibles Insurance provides all-risk coverage for private collections of any size in a home or storage facility. Collections are insured for their …

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Art Insurance

New insurance solutions from Willis will cover digital art and ease use of art as collateral

New developments from insurance broker Willis will soon make it possible to insure art made in contemporary media such as video, says Richard Nicholson, executive director in Willis’s Fine Art, Jewellery and Specie practice. He predicts that in 2015 there will be a surge in this type of coverage as …

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Art Insurance

XL appoints new regional manager, Fine Art & Specie

XL Group has promoted Steven Lawrence to the position of regional manager UK, Fine Art & Specie. In his new role Steven will lead XL Group’s Fine Art & Specie business in the UK working closely with Graham Hawkins, Global Chief Underwriting Officer, Fine Art & Specie. Steven has worked …

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