Art Insurance

Fine art insurer Ecclesiastical Insurance Group partners with Risk Control Technologies

Fine art insurer Ecclesiastical Insurance’s UK and Ireland operations have partnered with Risk Control Technologies, a provider of loss control and risk management software solutions for insurers. The move is intended to enhance Ecclesiastical’s customer and underwriting risk management propositions.  It also marks the expansion of the Risk Control Technologies …

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Art Crime

Art crime conference planned at NYU

Art Recovery Group and Jacob Fine Art are to hold the third annual Art Crime and Cultural Heritage Symposium at NYU Law School’s Lipton Hall in New York City on 4-6 June 2015. The conference, organized in collaboration with New York University’s School of Professional Studies, will bring together some …

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Art Crime

Jasper Johns assistant guilty of theft

James Meyer, former assistant to the artist Jasper Johns, has been sentences to 18 months in prison for stealing the artist’s works and selling them to New York galleries. Meyer worked as an assistant for the painter for 25 years, and stole 22 works between 2006 and 2012. The works in …

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Art Crime

Collection management and security tips from former FBI man Robert Wittman

The most common collection management mistake made by art collectors is failing to keep good records. That is the view of art recovery, security and protection expert Robert Wittman. Formerly the founder and head of the FBI’s art recovery team, Wittman often sees collectors struggle to recoup their losses after …

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Art Crime

Robert Wittman: what my FBI career taught me about art crime

Robert Wittman founded and ran the FBI’s National Art Crime Team and now works privately in the same field. He gave Private Art Investor an insight into the shady world of theft and forgery.  Working undercover in the dark and often dangerous world of art crime was par for the …

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Art Insurance

ACE Global Markets increases fine art and specie capacity

ACE Global Markets, the London-based wholesale insurance division of ACE Group, is to offer increased capacity of up to US$100 million for clients seeking fine art and specie insurance coverage as client demand for this type of cover grows. The ACE Global Markets fine art and specie team provides innovative …

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Art Insurance

Online art market grows 68% in a year

Confidence in buying art online is soaring, with virtual art platforms rapidly establishing meaningful foundations, according to new research released today by specialist insurer Hiscox. The Hiscox Online Art Trade Report 2015 found that the value of the online art market has risen from $1.57 billion in 2013 to an …

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Art Crime

Restitution: why there should be no time limit

On March 30, The Art Newspaper reported that Klaus Albrecht Schröder, the director of The Albertina Museum in Vienna, has called for a time limit on restitution claims in relation to art stolen by the Nazis. Arguing that the time limit should be for between 30-40 years more, Schröder suggested …

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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 …

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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 …

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