Art Insurance

Free E-Magazine adds tips for art collectors

Chubb Personal Insurance has added a new section to its Accent by Chubb lifestyle e-magazine to provide clients and the general public with timely articles on buying, selling and protecting art, antiques, jewellery, classic cars and other collectibles. “By broadening the content available through our popular e-magazine, Chubb is now able to share …

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Art Insurance

AM Best downgrades issuer credit rating of AXA Art Insurance Company

Ratings agency AM Best has downgraded the issuer credit rating to “a” from “a+” and affirmed the financial strength (FSR) rating of A (Excellent) of AXA Art Insurance Corporation (AXA Art) (New York, NY). The outlook for these ratings has been revised to negative from stable. Concurrently, AM Best has affirmed the …

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Art Insurance

Time to get that Picasso revalued?

Christie’s record breaking sale of Picasso’s Femmes d’Algers for $179m last month raises an interesting question for collectors: should they rush to get their Picassos revalued in the light of this stellar sale, and is existing insurance adequate to cover these paintings should loss or damage occur? “You have to …

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Art Insurance

Conservation of Contemporary art: Do we care? Should we care?

“Restorers have done more damage to art in the UK than Luftwaffe.” Robert Hiscox, honorary president of Hiscox and a contemporary art collector was happy to wind up an audience largely comprised of conservators at the Royal Institution Annual Hiscox debate. Mark Lawson, a UK journalist, writer and broadcaster, also …

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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 Risk

Have you done your due diligence?

The scientific and historical analysis of works of art is becoming an increasingly common part of the due diligence process. A leader in the field, Dr Nicholas Eastaugh explains why analysis matters.   Dr Nicholas Eastaugh is probably best known for providing the crucial scientific evidence that led to the …

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Art Crime

Dr Nicholas Eaustaugh: How I uncovered the forger of the century

For Dr Nicholas Eastaugh, rooting out notorious forger Wolfgang Beltracchi was all in a day’s work. He tells Private Art Investor how he achieved it. Famous art forger Wolfgang Beltracchi, dubbed ‘the forger of the century’, was released from prison in January and is currently holding a solo exhibition at …

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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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