XL Catlin enhances Fine Art & Specie offering in Europe
Zurich, Switzerland - December 14, 2016
XL Catlin’s insurance operations today announced it has enhanced the wording of its all in one solution for collectors, arts and jewellery professionals – Mosaic.The coverage, which is now available in France, Italy, Belgium, Switzerland and Spain, now includes a number of additional coverages including Business Interruption and Public Liability.Mosaic was designed to address the risk collectors, museums, art galleries, jewellers and watchmakers face, with a single policy using a combination of property, liability and transport coverages. The solution allows clients to protect their art and valuables against the risk of loss, theft and damage while on display, in storage and in transit. Mosaic also covers buildings hosting valuables, their installations and content.Yannick Daucourt, EMEA Regional Manager, Fine Art & Specie, explained: “Europe has historically been a significant marketplace for the arts and this is true today. According to Larry’s List, Europe is home to the largest proportion of collectors with 38% of the world’s contemporary art collectors based across the continent. Additionally, according to their latest report, a large number of new private museums will open in the near future and collectors will become more engaged with public museums, lending their art for exhibitions.”He added: “As a leading insurer of Fine Art & Specie, we seek to regularly update our offering to meet the needs of not only art collectors and professionals, but also jewellers. From sourcing gems to transporting their finished products and lending items for high profile events, the risks they face are complex and varied.”XL Catlin is one of the leading insurers of Fine Art & Specie in the world. In Europe, the team works with brokers to insure art collections owned by museums, galleries, companies and individuals.About XL Catlin’s Insurance OperationsXL 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 CatlinXL Catlin is the global brand used by XL Group Ltd’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.