Distinguished Programs has announced the official launch of its fine art and collectibles insurance program.
The program offers a range of products designed to meet the specific needs of today's collectors. It offers flexible payment options, seamless claims handling, and expert advice on collection management best practices, Distinguished Programs said.
“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 and collectibles group at Distinguished. “Whether it's a museum, institution, dealer, corporation, or private collector, we have them covered.”
The fine art and collectibles team is composed of industry veterans with extensive knowledge and a strong network within the industry, Distinguished said. In addition to Drummond, the group includes Erika Witler, Skyler Stone, Alison Sweeney, Nonie Tompkins, and Michelle Stegmann.
Distinguished has partnered with Core Specialty to lead the fine art and collectibles offering.
“Core Specialty is pleased to work with Distinguished Programs in this unique sector with their fine art and collectibles program," said Jeff Consolino, founder, president and CEO of 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.”
Initially launching in select states, Distinguished Fine Art & Collectibles plans to expand its coverage to all 50 states pending regulatory approval.
Distinguished also recently announced the appointment of Kurt Meister as chief sales officer.
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