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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Art Insurance

XL Group launches new exhibition coverage

XL Group has launched its Key Artworks insurance product in the UK.  The product covers cancelled or abandoned fine art exhibitions and the consequential financial loss in the event that the star attraction piece is damaged or stolen or unfit to be displayed to the public. The United Kingdom is …

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Art Insurance

How to reduce the cost of insuring your collection

When deciding where to store or display your collection it is wise to consider how insurers will view your choices. That is the view of Richard Northcott, director of the High Value Cargo division for Pembroke Managing Agency. “As an art collector looking to purchase insurance you are going to …

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Art Insurance

Lending your art: be informed

While it can enhance the value of items in your collection, the growing trend for art collectors to lend artwork for exhibitions raises certain significant insurance issues, says Martin Hartley, executive vice president and chief operating officer of US-based member-owned PURE insurance. “We’re seeing more lending to institutions: collectors are …

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Art InsuranceArt Risk

10 tips for insuring your collection

Amazingly, many serious collectors are yet to get serious about their insurance. With plenty of specialist cover on offer, now is the time to make sure your work is adequately covered. Here are Private Art Investor’s top 10 tips. Shop around. This is currently a buyers’ market. “There is a …

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Art InsuranceArt RiskOwn art

Freeports: plan your insurance in advance

While the freeports offer tax advantages and top quality storage facilities, they can also bring insurance issues. It is therefore important for collectors to seek the advice of a specialist broker when deciding where to store their art. That is the view of Richard Northcott, director of the High Value …

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Art InsuranceArt Risk

Fluctuating value: make sure your insurance policy keeps pace

The recent sale of Chariot by Alberto Giacometti at Sotheby’s New York for US$101 million has prompted many collectors to go back and question year-old appraisals of their Giacomettis because the movement in price is so extreme, says Martin Hartley, executive vice president and chief operating officer of US-based member-owned …

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