ACE Global Markets, the London-based wholesale insurance division of ACE Group, is to offer increased capacity of up to US$100 million for clients seeking fine art and specie insurance coverage as client demand for this type of cover grows.
The ACE Global Markets fine art and specie team provides innovative insurance solutions for art, general specie, cash in transit and jeweller’s block for clients worldwide, underwritten through the London market. Recently, the team has been increasingly successful in marketing ACE’s multinational capabilities to brokers and clients and has appointed a fifth specialist underwriter, Gemma Bartlett, to join its well-established London-based team in response to growing client demand.
Jason Roe, Specie Product Head, ACE Global Markets said: “Our increased capacity and the investment in additional underwriting capability including Gemma reflect our growing appetite in this specialist area of fine art and specie insurance. Clients turn to the London market for innovative solutions, and over the years, ACE has built an enviable reputation for responding to their evolving requirements. As the needs of our clients become increasingly international, ACE is one of the few players with the capital base, network, claims and underwriting expertise to provide comprehensive sophisticated solutions.”