DUAL North America, one of the largest independent underwriting organisations in the US, has launched a new Fine Art program that will provide coverage for museums, galleries and dealers, and private and corporate collectors in the country.
The underwriting program will be led by Casey Santangelo, who joined DUAL in April 2022 as President of the Fine Art division and is responsible for program development and management, underwriting, and all day-to-day operations.
Starting January 2023, DUAL’s new Fine Art program will provide insurance products for a variety of art collections including paintings and sculptures, rare books and manuscripts, archaeological materials, antiques, and other objects of artistic or historic merit.
The program will cover domestic and international risks and provide additional coverages including terrorism, flood, earthquake, defence costs, restoration, event cancellation, and more.
Supported by a panel of insurers, the Fine Art program will offer $30m primary limits and $50m excess limits with a minimum attachment point of $25m for excess placements, DUAL explained.
The products will be underwritten through appointed wholesale and retail brokers across the U.S.
Jon Knouse, Chief Property Officer at DUAL North America, commented: “This is a unique, yet widely applicable and valuable offering that we are really excited to offer our partners and network.
“We see a lot of opportunity to provide a much-needed coverage to the Property sector that they may not have access to. Our goal is always to provide the best expertise available for these specialty products, and that’s exactly what Casey brings to the table with this program. We are thrilled to have her leading this business.”
