Allied World’s Fine Art & Specie team works closely with a wide range of clients from private individuals and specialist institutions to corporations and multinational organisations. As such, our underwriters have collaborated with some of the largest art collectors, dealers, museums, jewellers, diamond dealers and bullion/cash in transit companies around the globe.
Drawing on extensive market knowledge and technical expertise in this highly specialised area and working in tandem with Lloyd’s brokers, our underwriters are passionate about and dedicated to delivering the highest level of service to provide tailor-made insurance solutions to meet our clients’ needs. We proactively seek long-term relationships and the team will travel regularly with brokers to build and maintain these committed partnerships with our clients.
Capacity
- Up to $50M or local equivalent currency (direct and facultative basis)
Target classes
Fine Art
- Private and Corporate Collections
- Museums & Exhibitions
- Art Galleries and Antique Dealers
- Artists, Restorers and Conservators
- Memorabilia
- Auction Houses
- Fine Wine; Classic Cars
- Private Jewellery and Watches
- Musical Instruments
- Rare Books and Maps
- Fine Art Packers and Shippers
General Specie
- Precious Stones, Metals, Coins and Bullion
- Bank vault/storage risks
- Valuable Papers
- Diamond/Gold and Platinum mines
- Stamps and Coins
- Precious Metals Refiners
Cash in Transit
- Financial Institutions/Banks
- Armoured Car Companies
- Travellers Cheques/Cheque Cashers
Jewellers’ Block
- Diamond Dealers, Wholesale, Manufacturing and Retail Jewellers
- Pawnbrokers
- Associated luxury goods, including leather goods, fragrances and porcelain
Key coverage
- Broad, flexible cover based on an in-depth understanding of our clients’ needs
- Support either London Market standard wordings or broker-specific wordings
- Capability to write both Primary and Excess layers
- Includes all risk of physical loss or damage coverage whilst at permanent locations, temporary locations, on loan, in storage and in transit
- Exhibition coverage on a ‘nail to nail’ basis
- Automatic acquisitions and increased value coverage
- ‘Current Market Value’ and ‘Agreed Value’ valuations
- Depreciation in value following damage
- Defective Title coverage
Underwriting strategy
- Building long-term and reciprocal relationships with our brokers and clients
- Delivering outstanding underwriting expertise, service and responsiveness
- Providing excellent financial security
Financial strength
Allied World’s Lloyd’s Syndicate 2232 benefits from the ratings assigned to the Lloyd’s market: A+ (Superior) from A.M. Best, AA- (Very Strong) from Standard & Poor’s and AA- (Very Strong) Fitch ratings. In addition, we are part of the Lloyd’s chain of security and as a result all policies written by Syndicate 2232 are backed by the Lloyd’s central fund.
Coverage is subject to the satisfaction of applicable regulatory licensing requirements and will be provided through appropriately licensed insurance intermediaries. Actual coverage may vary and is subject to policy language as issued. Risk management services are provided by or arranged through AWAC Services Company (Ireland) Limited, a member company of Allied World. Coverage will be underwritten by Allied World Syndicate 2232, including EU/EEA business that will be underwritten by Lloyd’s Insurance Company S.A. (Belgium) and fully ceded to and reinsured by Allied World Syndicate 2232. Syndicate 2232 is managed by Allied World Managing Agency Limited, which is authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The Lloyd’s market is rated “AA-” (Very Strong) by Standard & Poor’s and “AA-” (Very Strong) by Fitch Ratings. © 2025 Allied World Assurance Company Holdings, Ltd. All rights reserved.