Trident Announces New Partnership with AXA ART for Museum Insurance Program
Trident Insurance Services, LLC (www.tridentinsurance.net), a member of Argo Group International Holdings, Ltd.(NASDAQ:AGII), an international underwriter of specialty insurance and reinsurance products, announced today it has formed a strategic business partnership with fine art specialty insurer, AXA ART Insurance Corporation, to offer specialty property and liability insurance coverage solutions for fine arts institutions in the United States.
Trident's new museum insurance program is being offered to small and medium-sized museums, art galleries and other cultural institutions in Arizona, Indiana, Michigan, Minnesota, and Ohio with a Total Insured Value (TIV) of up to $20 million. Specialty insurance coverages include auto, crime, Directors & Officers liability (D&O), employment practices liability, excess liability, general liability, property, public officials liability and worker's compensation. Additionally, specialty insurance coverage for fine art collections is provided through AXA ART's ArtPLUS program.
Beginning in the first quarter of 2014, Trident's museum insurance program will also be offered in Alabama, Idaho, Missouri, New Mexico, Oregon, Pennsylvania, South Carolina, Tennessee, and Utah.
"As modern-day museums face ever evolving challenges to treasure and showcase important works of fine art for the public's benefit, Trident and AXA Art have teamed up to help support these efforts," said Ron Vindivich, president, Trident. "Working together, we are committed to ensuring our museum policyholders, and the local independent agents and brokers that represent them, have easy, one-stop access to a robust suite of customizable property and liability insurance solutions."
"AXA ART is pleased to align with Trident to offer comprehensive options for small and medium-sized museums, art galleries and other cultural institutions, as they address the web of complex issues involved in exhibiting, conserving, handling and shipping fine art and valuables," said Christiane Fischer, president and chief executive officer, AXA ART (in the Americas).
For more information about Trident's new museum insurance program, local independent agents and brokers can contact Tim Breadon directly at 210.321.6774 or email@example.com.
Trident Insurance Services, LLC (www.tridentinsurance.net), a wholly-owned operating subsidiary of Argo Group International Holdings Ltd., is one of the largest providers of commercial insurance for small-to-mid-sized public entities in the U.S. The company has a distribution network of 650 brokers in 30 states, serving more than 2,000 municipalities, public schools and special districts. Trident's public entity insurance program specializes in municipalities with populations of less than 100,000 and counties with populations of less than 500,000.
About Argo Group
Argo Group International Holdings, Ltd. (NASDAQ:AGII) is an international underwriter of specialty insurance and reinsurance products in the property and casualty market. Through its operating subsidiaries, Argo Group offers a full line of products and services designed to meet the unique coverage and claims handling needs of businesses in four primary segments: Excess & Surplus Lines, Commercial Specialty, International Specialty and Syndicate 1200. Argo Group's insurance subsidiaries are A.M. Best-rated 'A' (Excellent) and Argo Group's U.S. insurance subsidiaries are Standard & Poor's-rated 'A-' (Strong). For more information visit www.argolimited.com.
About AXA ART
AXA Art Versicherung AG and its subsidiaries and branch offices worldwide (collectively referred to as the "AXA ART Group" or "AXA ART") are the only globally operating specialty art and collectibles insurance company offering tailor-made coverage solutions for private and corporate collections, museums, galleries, conservators, artists and historic properties. The AXA ART Group's mission is to protect the collecting and art community against financial loss resulting from physical loss or damage to the insured objects and to help preserve cultural objects for future generations. Due to its global presence and network of art experts deeply woven into the global arts community, AXA ART maintains in-depth knowledge of the values and trends of the international art market. AXA ART not only helps its clients to protect their assets but also provides expert advice regarding all aspects of managing a collection including loss prevention, mitigation and conservation.