ITOO Special Risks and Artinsure have come together and the ITOO Artinsure brand is born. Artinsure specialises in the insurance of art and collectibles, while ITOO specialises in niche and special risks insurance. The relationship goes back more than a decade through Artinsure and ITOO’s association with Hollard.
“It’s a perfect fit,” says Paolo Cavalieri, ITOO’s chairman. “ITOO is all about focused niche underwriting. Plus we’re really passionate about art, and each of us is a collector in our own right.”
“We started Artinsure just on 10 years ago, when Paolo was still CEO of Hollard,” says Gordon Massie, managing director of Artinsure. “During that time we have developed a strong relationship with Hollard and the companies in its stable. Bringing Artinsure under the ITOO umbrella will work really well for both companies. We will benefit from the association with a brand that has become known as a strong provider of specialist insurance. We will also be able to leverage cross-selling opportunities more readily.”
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The company plans to release a range of new products to add to its line-up. The classic car movement, for example, offers specialist insurance opportunities on cars that are more than 20 years old. “We’re not talking high-performance cars here, but rather the classics that only get taken out and enjoyed on special occasions,” says Massie.
ITOO Artinsure will also introduce a specie product, which provides insurance on the storage and movement of high-value metals and minerals across Africa. In support of ITOO’s existing film completion guarantee offering, ITOO Artinsure will provide film producers with the full monty when it comes to their insurance requirements.
“We’re excited that we’ve been able to add such an interesting and successful specialist UMA to the ITOO stable,” says Cavalieri. “Over time we will keep adding to the ITOO Special Risks product range through partnerships such as the one with Artinsure, where we share similar focus, expansion and diversification plans. This really is a match made in heaven.”