XL Catlin and A.J. Gallagher have formed an exclusive underwriting agreement to offer a lifestyle insurance program for young and new art collectors in New York City. The policy, known as “Five for Five”, features five specialized insurance coverages – fine art, jewelry, wine, cyber theft and identity fraud – on one policy, for an annual premium of $500 with a $500 deductible.
The Five for Five program will initially be available only to young and new collectors in New York City. However, as it grows coverage is expected to expand to other U.S. cities with established and emerging art scenes.
XL Catlin provides specialized fine art insurance for galleries, museums, and a range of businesses in the art world, as well as individual collectors, insuring a wide range of collectibles and valuables, from antiques and jewelry to coins and wine collections.
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 31 countries and offers client-service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.
XL Catlin insurance companies offer property, casualty, professional, financial lines and specialty insurance products globally.
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