DUAL North America, one of the largest independent underwriters in the United States, has launched a new fine arts program covering museums, galleries, dealers, private and corporate collectors nationwide.
The Underwriting Program will be led by Casey SantAngelo, who joined DUAL in April 2022 as President of the Fine Arts Division, responsible for program development and management, underwriting, and all day-to-day operations.
From January 2023, DUAL’s new fine arts program will insure various art collections, including paintings and sculptures, rare books and manuscripts, archaeological material, antiques and other objects of artistic or historical value. provide the goods.
The program covers domestic and international risks and provides additional coverage including terrorism, floods, earthquakes, defense costs, restoration, event cancellations, and more.
The Fine Art program, which is supported by a panel of insurers, offers a $30 million primary limit and a $50 million overage limit, with a minimum junction point for overage placement of $25 million, DUAL explained.
Products are underwritten through designated wholesale and retail brokers throughout the United States
Jon Knouse, Chief Property Officer of DUAL North America, commented:
“We believe there are many opportunities to provide much-needed coverage to the real estate sector that they may not have access to. Continuing to provide expertise, and that’s exactly what Casey offers in this program.