Hiscox unveils $1bn fine art consortium
Partner Ascot Underwriting claims the new consortium is the largest of its kind.
Hiscox has revealed a new $1bn [£819m] fine art consortium, the result of a collaboration with Ascot Underwriting.
The insuer said the $1bn capacity consortium had been constructed specifically to streamline the process of placing large fine art risks within Lloyd's.
Hiscox confirmed that $1bn would be the maximum limit that would be written for any one client at any one location.
The provider further explained that it could cope with multi-billion dollar collections detailing that the overall
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