Hiscox has announced a $ 1bn fine art consortium , in collaboration with Ascot Underwriting . Hiscox will act as lead investor in the venture , which aims to streamline the process of placing large fine art risks within Lloyds . It is available to any Lloyd’s approved broker and is appropriate for collections in the broadest sense of the word – from large private and corporate collections to museums and their exhibitions. Once a rarity , billion - dollar art collections are becoming more commonplace in the art world , according to Robert Read , head of Fine Art at Lloyd .
Hiscox has announced a $ 1bn fine art consortium , in collaboration with Ascot Underwriting . Hiscox will act as lead investor in the venture , which aims to streamline the process of placing large fine art risks within Lloyds . Once a rarity , billion - dollar art collections are becoming more commonplace in the art world , according to Robert Read , head of Fine Art at Lloyd .