WASHINGTON (Oct. 19, 2011) – Huntington T. Block, the leading fine art insurance brokerage business of Aon Corporation (NYSE: AON), and ArtBanc® International, a full-service financial services firm focused exclusively on the international fine art market, today announced exciting new insurance products and services made available to clients via ArtBanc’s proprietary e-commerce trading platform.
Via the trading platform, collectors have access to view and make an offer on the inventory of 300 leading British and American art dealers in addition to artwork entering the international market from estates and collectors. Collectors then have the ability to purchase fine art and title insurance products through Aon/HTB. All transactions on the trading platform incorporate defective title insurance and the delivery of the art’s documented title history of ownership (provenance) from ArtBanc’s registry system, thus creating a standard means by which art insurance and art title insurance is provided.
“By partnering with such a trusted name in fine art insurance, our customers will have peace of mind that their risk and insurance needs are properly placed and managed,” said Scott A. Barnes, ArtBanc founder and CEO. “We are excited to launch a safe and secure global platform for collectors on both sides of the Atlantic.”
Joe Dunn, CEO of Aon’s HTB, added, “For more than a half century, we have been an industry leader in fine art policy wording, underwriting, loss prevention and responsive claims handling. As the industry and technology change, we are committed to staying one step ahead to protecting our clients’ fine art investments.”
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About Aon
Aon Corporation (NYSE:AON) is the leading global provider of risk management services, insurance and reinsurance brokerage, and human resources solutions and outsourcing. Through its more than 60,000 colleagues worldwide, Aon unites to deliver distinctive client value via innovative and effective risk management and workforce productivity solutions. Aon's industry-leading global resources and technical expertise are delivered locally in over 120 countries. Named the world's best broker by Euromoney magazine's 2008, 2009 and 2010 Insurance Survey, Aon also ranked highest on Business Insurance's listing of the world's insurance brokers based on commercial retail, wholesale, reinsurance and personal lines brokerage revenues in 2008 and 2009. A.M. Best deemed Aon the number one insurance broker based on revenues in 2007, 2008 and 2009, and Aon was voted best insurance intermediary 2007-2010, best reinsurance intermediary 2006-2010, best captives manager 2009-2010, and best employee benefits consulting firm 2007-2009 by the readers of Business Insurance. Visit http://www.aon.com for more information on Aon and http://www.aon.com/manchesterunited to learn about Aon's global partnership and shirt sponsorship with Manchester United.
About HTB
An operating unit of the Aon Corporation since 1991, HTB was founded in 1962 by Mr. Huntington T. Block. He is credited with crafting the original all risk, wall-to-wall fine art insurance policy. Via these proprietary forms, very broad coverage is provided at a competitive price. HTB combines in-house underwriting and claims management expertise thus helping to ensure superior service. Since its founding, HTB has worked very closely with the American Association of Museums, the American Institute for Conservation, the American Federation of the Arts, the Art Dealers Association, the National Endowment for the Arts, Art Loss Register and many other leading, national associations, to help ensure the insurance needs of the greater collectors’ constituency are properly served. HTB is headquartered in Washington, D.C. with regional offices in New York, San Francisco and Houston and representation in London.
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