Marsh arts brokers jump to DeWitt Stern: an exodus of expertise in insuring the fine arts is a boon for one brokerage, a bust for another.(UPFRONT: News, Updates and Other Emerging Strategies from Around the World)

Risk & Insurance | April 1, 2006| | Copyright

Numerous collectors, museums and galleries that have long placed their fine arts risk through Marsh & McLennan Cos. have recently had to reassess their placement options.

In a development that sent a not-so-small tipple through the arts brokerage community, the fine arts team at Marsh in New York moved out of their Sixth Avenue digs and into new territory on Lexington Avenue, at the offices of the DeWitt Stern Group Inc.

The group of five--two from Marsh's Chicago offices--officially joined DeWitt Stem on Jan. 27 of this year. For privately held DeWitt ...

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