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Article: Power brokers: fine arts.(THE POWER BROKERS: TOP INSURANCE BROKERS IN 2007)
- Article from:
- Risk & Insurance
- Article date:
- February 1, 2007
CopyrightCOPYRIGHT 2007 Axon Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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During 2006, the fine art and specie market experienced big changes, especially with large risks. Underwriters were concerned about the rise in the value of public and private collections, as auction houses broke records, and they were also worried about the concentration of value in exhibitions where hundreds of millions of dollars' worth of fine art gather in one place. Brokers needed to be creative with coverage for large shows, especially international ones.
Diane Jackson
Managing Director
Henderson Phillips Fine Arts Insurance
Arthur J. Gallagher
Washington, D.C.
Diane Jackson, Washington, D.C.-based managing ...