#United States #New York #AXA XL #Winston Artory Group #art protection

AXA XL Partners with Winston Artory Group to Safeguard Art Collections

In an exciting development for art enthusiasts and professionals, AXA XL has announced a strategic partnership with the Winston Artory Group (WAG), a renowned leader in the art advisory and appraisal sector. This collaboration is aimed at strengthening the protection and management of clients' art, cultural, and high-value assets, marking a significant advancement in the insurance and risk management landscape for art collectors, museums, and cultural institutions.

A Comprehensive Approach to Art Protection

The partnership seeks to provide AXA XL's Fine Art Specie (FAS) clients with access to specialized risk management solutions uniquely tailored to the needs of art collectors. As Casey Santangelo, Head of Fine Art Specie Insurance for AXA XL in the Americas, noted, the evolution of the art and cultural sector necessitates a collaborative approach that enhances the quality of services offered to clients and brokers.

At the core of this partnership is a commitment to deliver expert-driven solutions that encompass the entire spectrum of collection management, valuation, and associated risks. The partnership combines AXA XL's extensive insurance expertise with WAG's authoritative appraisal services, enabling clients to benefit from a holistic approach to protecting their valuable collections.

Insights from Industry Leaders

Elizabeth von Habsburg, Co-Founder and Co-Executive Chair of WAG, expressed pride in partnering with AXA XL. The collaboration aims to instill greater confidence and clarity among clients through enhanced appraisal services, powered by proprietary data and cutting-edge technology. von Habsburg emphasized the importance of providing strategic guidance that extends beyond valuations, offering insights into the buying, selling, and overall management of collections.

Tailored Solutions for Diverse Client Needs

The AXA XL and WAG partnership underscores a growing recognition of the distinctive needs of art collectors and cultural institutions. With the art industry experiencing rapid changes, AXA XL is committed to providing tailored, high-quality solutions that meet these evolving needs. By integrating WAG’s sophisticated appraisal capabilities with AXA XL’s robust insurance framework, clients gain access to a comprehensive suite of services designed to mitigate risks while enhancing the value of their collections.

This initiative is particularly timely given the increasing complexities and challenges faced by art collectors today, from fluctuating market values to the inherent risks associated with ownership and exhibition of valuable assets. Notably, it aims to facilitate a better understanding of these aspects while ensuring that clients are equipped with the right tools and knowledge.

The Future of Art Asset Management

Moving forward, this partnership sets a benchmark in the realm of art asset protection and management. Art enthusiasts can expect enhanced services that reflect a deep understanding of the sector, coupled with advanced technological solutions that make safeguarding cultural properties more efficient and effective.

As both organizations continue to work together, they reaffirm their dedication to elevating the standards of service in the art insurance market, ensuring that clients receive the highest level of support. For more details, AXA XL clients are encouraged to consult with their AXA XL underwriters or visit the AXA Digital Commercial Platform to explore the offerings available through this exciting new partnership.

About AXA XL

AXA XL is a global leader in providing insurance and risk management solutions, catering to various sectors from mid-sized firms to large multinationals. The company's innovative spirit and commitment to facing risk head-on empower clients to drive progress in their respective fields.

For more comprehensive information, please visit www.axaxl.com.

Conclusion

The AXA XL and Winston Artory Group partnership signifies an important moment in the art world, combining expertise and innovation with the goal of providing unparalleled risk management solutions. Collectors can now navigate their journeys with greater assurance and understanding, thanks to the efforts of these two esteemed organizations.