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Distinguished Programs Unveils New Fine Art & Collectibles Insurance Program

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#art #fineart #artmarket #collectables
Published
07/14/2023 by

Distinguished Programs ("Distinguished"), a leading insurance program manager, is excited to announce the official opening of their highly anticipated Fine Art & Collectibles insurance program. This innovative program offers brokers a competitive advantage in the market, catering to the evolving needs of the art and collectible communities.

The products offered by Distinguished Fine Art & Collectibles are designed to meet the needs of today's collectors. Clients can expect a range of benefits, including flexible payment options, seamless claims handling, and expert advice on collection management best practices.

"Our goal is to provide an effortless experience for insuring fine art and collectibles, while empowering agents and brokers nationwide to deliver expertise, exceptional service, and true peace of mind to their clients," said Patrick Drummond, President of the Fine Art & Collectibles group at Distinguished. "Whether it's a museum, institution, dealer, corporation, or private collector, we have them covered."

Distinguished's team comprises industry veterans with an unrivaled wealth of knowledge and an extensive network within the industry. Led by Patrick Drummond, the group includes Erika Witler, Skyler Stone, Alison Sweeney, Nonie Tompkins, and Michelle Stegmann. Leveraging their collective expertise, they offer insurance solutions tailored to the distinctive requirements of the fine art and collectible community.

Distinguished will work with Core Specialty to spearhead the Fine Art & Collectibles offering. This collaboration, along with the support of major insurers in the United States and London, ensures that Distinguished Fine Art & Collectibles is backed by a robust and reliable network.

"Core Specialty is pleased to work with Distinguished Programs in this unique sector with their Fine Art & Collectibles program," says Jeff Consolino, President, Founder, and CEO at Core Specialty. "We are also pleased to participate in the risk alongside a select group of high-quality reinsurance companies."

"We are thrilled to have successfully brought Patrick and his team back into the market within record time," said Steve Sitterly, Chief Operating Officer and Chief Underwriting Officer at Distinguished. "Their abilities are poised to bring remarkable success, providing top-notch solutions to their agents and insureds, while delivering outstanding underwriting outcomes to Distinguished's capacity partners."

While initially launching in select states, Distinguished Fine Art & Collectibles plans to expand its coverage to all 50 states pending regulatory approval. Brokers and clients are encouraged to contact the Distinguished team to check availability in their respective states.

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