NEW YORK, May 23, 2016 /PRNewswire/ -- XL Catlin and A.J.
Gallagher today annouced the launch of 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 simple policy, for an
annual premium of $500 with a
$500 deductible.
According to Jennifer Schipf, XL
Catlin's Fine Art & Specie Senior Underwriter, "XL Catlin is
continuosly looking for innovative ways in which we meet the
changing insurance needs of our clients. There are so many
phenomenal young collectors and artists in New York City, our partnership with A. J.
Gallagher and our long standing relationship with the New York
Academy of Art provide the perfect network to link new collectors
with artists and provide them with a tool to protect their growing
collections."
The Five for Five program will initially be available
only to young and new collectors in New
York City. However, as it grows it is expected to expand
coverage to other US cities with established and emerging art
scenes.
"Millennials are the fastest growing consumers in the US. They
are sophisticated collectors who actively engage in the traditional
New York art scene, embrace online
purchasing and converge upon the international art markets and
fairs.", said Ellen Ross, Managing
Director Fine Arts Insurance & Risk Management at A. J.
Gallagher. "We look forward to working with this vibrant next
generation of art collectors."
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.
For more information on Five for Five or to submit an
application, contact Kyle Stites:
Kyle_Stites@AJG.com
About Arthur J. Gallagher Insurance
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.
About XL Catlin Insurance Operations
XL Catlin insurance companies offer property, casualty,
professional, financial lines and specialty insurance products
globally. Businesses that are moving the world forward choose XL
Catlin as their partner. To learn more,
visit xlcatlin.com.
About XL Catlin
XL Catlin is the global brand
used by XL Group plc's (NYSE:XL) insurance and reinsurance
companies which provide property, casualty, professional and
specialty products to industrial, commercial and professional
firms, insurance companies and other enterprises throughout the
world. Clients look to XL Catlin for answers to their most
complex risks and to help move their world forward. To learn more,
visit xlcatlin.com.
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SOURCE XL Catlin