LONDON - Christie's announced today that it is launching Christie's Insurance Services, a firm whose products suit the sophisticated collector.

Christie's Insurance Services will partner in the UK with Heath Lambert, Europe's leading independent art insurance broker, and Chubb Insurance, the award-winning specialist insurance company. Together, their single-policy approach will provide Christie's private clients with bespoke, seamless insurance, that encompasses not only art but all personal insurance needs, including homes, cars and jewelry; as well as travel, legal expenses and personal liability. Christie's Insurance Services will initially be available to Christie's private clients in the UK and to European clients serviced from London.

Jussi Pylkkanen, President of Christie's Europe said: "Christie's continues to pride itself as much for its sales of fine art as for the leading art related services that it offers to clients. This high-caliber insurance service has been requested by our clients for some time, many of whom buy, sell, store and transport works of art through us. In addition to our valuation
services, Christie's Insurance Services will ensure that their insurance needs are synchronised not
only with these collection activities but with their entire lifestyle."

Clients will be able to protect both their art interests and their personal assets with one policy, one contact point, one renewal date and one premium. In merging the art expertise of Christie's with the insurance expertise of Heath Lambert and Chubb, any gaps and expensive overlaps that might occur with multiple advisors and multiple policies will be eliminated.

Simon Mobey, UK & Ireland Personal Insurance Manager for Chubb Insurance said Christie's Insurance Services' customers will "have the certainty of knowing that they are insured by one of the world's most financially stable insurers with consistently high ratings for financial strength."

Key features of this insurance service, which will stretch beyond traditional insurance and synchronize with any arrangements clients have with Christie's Fine Art Security Services, Christie's Art Transport and the firm's auction business, will include: a free appraisal service that will review current insurance arrangements for homes and collections, to determine any exclusions or pitfalls; risk management advice on protecting collections and preserving their value; advice on the purchase of insurance cover for a single item of art or a complete collection; and cover for activities such as the loaning or restoration of art. Most significantly, it offers automatic worldwide cover on any new purchase, with more than generous limits.

Richard Northcott, Managing Director of the Art, Jewellery, Private Client Division, Heath Lambert said: "We understand that private individuals expect a discreet, highly confidential and professional service to discuss the protection of their personal assets. We are delighted to be partnering with Christie's and Chubb to offer a broad range of risk-management services. This will ensure that Christie's clients receive the right solution, tailored to their individual values, culture and lifestyle, utilizing market leading products, while having one point of contact to cover all insurance requirements."

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