ACE Private Risk, ARIS Title Insurance to Provide Risk Management for Fine Art Items

October 28, 2011

ACE Private Risk Services, the high-net-worth personal lines business of the ACE Group, and ARIS Title Insurance Corp., a member of Argo Group International Holdings, Ltd., have formed a marketing initiative to help individuals, wealth advisors, and institutions understand and address the full range of property and title risks involved with collecting fine art, antiques, jewelry, and other precious items.

ARIS art title insurance manages the financial and legal risks for private parties and public institutions owning or transacting art, as well as the corollary professional liability risks for advisors, trustees and other third-party fiduciaries who act for the legal owners and beneficiaries of this asset class.

“We know that collectors and wealth advisors also should have property insurance or loss prevention as a top-of-mind issue,” explained ARIS Chairman Lawrence M. Shindell, “and that they might not realize – until it is too late – that a work is undervalued or not covered for a certain cause of loss, and that includes title related losses. It is important that collectors and wealth advisors understand the difference between property insurance coverage and true title insurance coverage for certain kinds of losses.”

Topics Risk Management

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