fine art insurance News

Ken Griffin Pushed to Testify in Ron Perelman’s $410 Million Art Fight

What do billionaire Ken Griffin, a Hamptons fire and Cy Twombly’s painting Untitled (1971) have in common? The answer: Ron Perelman’s three-year dispute with a group of insurers about a portion of his extensive art collection. Perelman, 80, submitted some …

Arthur J. Gallagher & Co. Acquires Switzerland’s AccurART

Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based insurance broker, announced the acquisition of Switzerland-based AccurART. Terms of the transaction were not disclosed. AccurART is a specialist fine arts insurance broker for private collections, museums, galleries and fine arts …

FBI Returns 50 Artifacts Stolen From Museums

Federal authorities say dozens of artifacts stolen in the 1970s from museums in several states and dating back as far as the French and Indian War have been returned to the institutions. The FBI announced Monday at a ceremony at …

Florida Art Dealer Pleads Guilty in Warhol Forgery Scheme

A South Florida art dealer pleaded guilty in federal court Tuesday in connection with a scheme involving the sale of fake Andy Warhol paintings. Daniel Elie Bouaziz, 69, pleaded to a single count of money laundering in Fort Pierce federal …

Howden Acquires Specialist Broker Expat Marine in Hong Kong

Howden, the international insurance broker, announced the acquisition of the assets of Expat Marine Ltd. (EML), a specialist insurance broker providing employee benefits and general insurance products and advice to clients in Hong Kong. Financial terms of the deal were …

Tokio Marine Highland Offers Fine Art Insurance Through New Division Led by Fischer

Tokio Marine Highland, the Chicago-based property and casualty underwriting agency, announced it has launched fine art insurance for personal and commercial risks, which further enhances its suite of specialty risk management solutions. Christiane Fischer was appointed president of the Fine …

HDI Global Specialty Enters German Fine Art, High Net Worth Market with Hire from AXA

HDI Global Specialty SE is entering the German Fine Art and high net worth insurance market with the appointment of Dr. Alexander Wiebe from AXA. He joins the specialty lines insurer as head of Fine Art & Lifestyle Continental Europe, …

Agent’s California Senate Bid Driven by Need for Better Representation

Tom Pratt, an insurance agent who specializes in procuring fine art coverage in a rural Northern California community, has worked in the insurance industry for more than 20 years. By day he is an insurance agent. In his spare time, …

XL Catlin Taps Coladon from The Guarantee as Fine Art & Specie U/W in Canada

XL Catlin has appointed Farzina Coladon as underwriter, fine art and specie (FAS) in Canada. Coladon is responsible for underwriting fine art, jewelers block and general specie insurance across Canada. Based in Toronto, Coladon, joined on Nov. 6 and is …

Hiscox Leads New $1B Fine Art Consortium, in Collaboration with Ascot

Hiscox announced it has formed a new US$1 billion fine art consortium, the result of a collaboration with Ascot Underwriting. The $1 billion capacity consortium has been constructed specifically to streamline the process of placing large fine art risks within …