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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Art InsuranceArt Risk

AXA Art appoints managing director for Asia

AXA ART has promoted Jennifer Scally to managing director, Asia. Scally joined AXA Art in Asia in 2006.  During this time she stablished operations across the region growing AXA ART specialist services locally in Hong Kong, Singapore, Greater China and most recently Malaysia. “I am delighted to announce Mrs. Scally’s …

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Art Insurance

Chubb offers discounts on collections management systems

Serious art collectors know that managing their collections is an important part of protecting them. To aid in this process, the Chubb Group of Insurance Companies is offering state-of-the-art collections management services at a discounted rate. Chubb Signature personal insurance customers can choose either a system fromArtBanc International or Collectrium to help catalogue …

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Art Insurance

Art insurer DeWitt merges with Risk Strategies Company

Risk Strategies Company, an insurance brokerage and risk management company headquartered in Boston, and art insurer DeWitt Stern, have merged. This move pushes the combined organization into the rank of Top 35 brokers nationally, with nearly $100 million in revenues and almost 400 employees nationwide. For more than a century, …

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Art Insurance

Art insurer DeWitt merges with Risk Strategies Company

Art insurer DeWitt merges with Risk Strategies Company Risk Strategies Company, a national insurance brokerage and risk management company headquartered in Boston, and DeWitt Stern, a privately held insurance brokerage and risk advisory firm based in New York, have merged. This move pushes the combined organization into the rank of …

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