Applied Underwriters has appointed three top executives to help develop its newly formed Applied Fine Art & Collectibles unit.
Ron Fiamma has been tapped to serve as president of Applied Fine Art & Collectibles, with Christopher Walsh serving as senior vice president of underwriting, and Rand Silver as senior vice president of risk management. All three join Applied from AIG Private Client Group, where they built one of the largest collections insurance portfolios in the personal lines industry.
Fiamma oversaw the Private Collections portfolio at AIG Private Client Group for 13 years, following five years as an underwriting manager of professional liability for hedge funds and security broker/dealers at AIG’s Financial Institutions division.
Walsh has 25 years of industry experience, having held leadership underwriting positions at high-net-worth insurance carriers, as well as several other roles on the brokerage side.
Meanwhile, prior to spending 15 years as global director of the fine art loss prevention program at AIG, Silver served as vice president and department head at the New York branch of preeminent auction company Christie’s.
Applied Underwriters CEO Steve Menzies said that the three executives have joined the company to create “the preeminent global provider of coverage and risk management solutions for fine art, jewelry, collectibles, and collector automobiles.”
“To have Ron Fiamma, Rand Silver and Christopher Walsh join us not only signifies both an extraordinary opportunity for brokers, agents and their clients to collaborate with highly knowledgeable, experienced professionals, but also the growing attractiveness of our business approach,” Menzies said.
“We are thrilled to be able to take advantage of Applied’s strength and expertise to create something exciting in this specialized space. Applied’s unique structure allows us to meet the diverse and expansive needs of the most complex risks in this growing segment,” commented Fiamma.