AXA XL and Royal Academy of Arts Launch 2025 AXA Art Prize in the UK

The 2025 AXA Art Prize: A Celebration of Artistic Excellence

AXA XL has announced the continuation of its fruitful collaboration with the Royal Academy of Arts in London for the upcoming 2025 AXA Art Prize UK. This prestigious award is set to honor an outstanding piece of figurative art presented at the renowned RA’s Summer Exhibition. The winner will be granted a substantial prize of £10,000, recognizing their talent and contribution to contemporary art.

This event is not just another art competition; it marks the 16-year commitment of AXA XL to support and nurture emerging artists. By collaborating with such a venerable institution as the Royal Academy of Arts, AXA XL aims to elevate the visibility of UK talent on the global stage while reinforcing its dedication to preserving the arts.

Sean McGovern, CEO of the UK Lloyds Market at AXA XL, articulated the significance of this collaboration, stating, "Through this partnership, we aim to celebrate UK-based artistic prowess and fortify our business ties, both underpinned by our mutual commitment to conserving cultural heritage." This statement reflects the ethos of AXA XL in recognizing the intrinsic value of art in society.

Rebecca Salter, the President of the Royal Academy of Arts, extended her thanks to AXA XL, emphasizing how the AXA Art Prize enhances the visibility of outstanding artworks within the RA Summer Exhibition. This annual exhibit is particularly noteworthy as it is the largest open-submission exhibition in the world, drawing the attention of artists from diverse backgrounds and experiences. With such a broad spectrum of works represented—from paintings and sculptures to photography and digital art—the Summer Exhibition is a true reflection of contemporary artistic expression.

The recipient of the AXA Art Prize will be unveiled in July 2025 during the exhibition's festivities, generating excitement and anticipation within the art community and beyond. Jennifer Schipf, Global Chief Underwriting Officer for Fine Art & Specie at AXA XL, expressed her enthusiasm for this initiative, highlighting how it resonates with AXA XL's mission to protect and preserve art for future generations.

AXA XL, a well-respected entity in the fine art insurance sector, offers a comprehensive array of services designed to guard the financial and sentimental value of artworks. Their expertise is essential in an industry where the stakes are as high as the emotional attachments that collectors and institutions have with their pieces. With over 1,200 claims professionals operating in more than 200 countries, AXA XL is well-positioned to support artists, galleries, and collectors worldwide.

The Royal Academy of Arts, founded in 1768, plays a pivotal role in the promotion of visual arts in the UK. It operates independently, relying on the generosity of sponsors, patrons, and the public rather than government funding. Its aim is to support the creation, appreciation, and understanding of art through exhibitions and educational programs. The annual Summer Exhibition has been a tradition since 1769, serving as a crucial funding source for the Royal Academy Schools, an established institution dedicated to training artists.

As the world's largest open-submission contemporary art show, the Summer Exhibition offers a unique platform for both emerging and established artists to showcase their works to an international audience. With such depth and variety, the exhibition fosters a community that celebrates creativity and innovation.

In summary, the 2025 AXA Art Prize represents a commitment to artistic achievement and cultural preservation, underlining the importance of collaboration between corporations and the arts. By establishing such initiatives, AXA XL and the Royal Academy of Arts aim to inspire future generations and sustain the invaluable connection between art and society.

For more information on AXA XL and their initiatives in the arts, visit their official website.