NU Online News Service, Sept. 8, 1:47 p.m.EST

ARIS Title Insurance Corp., which says it is the onlyunderwriter of title insurance for fine art and other collectibles,has partnered with several of the top insurers in the art industry,including AXA Art Insurance Corp. and Aspen Insurance Co.

Title insurance for fine art and other collectibles is offeredto museums, auction houses, financial institutions and individualand for-profit institutional collectors looking to cover the risksassociated with ownership and legal authority-to-sell issues in theart market, according to a statement from ARIS.

ARIS Chairman LawrenceM. Shindell says clients “face the potential risk of third-partytitle claims to works that they possess and the significant legaland economic costs that can ensue.”

Shindell adds that the New York-based title insurer says looksto announce similar partnerships with other property insurers tocombine property fine-art coverage and the risk management tool oftitle insurance.

ARIS, a subsidiary of Argo Group International Holdings Ltd.,says its title insurance product manages the financial and legalrisks for private collectors and public institutions owning ortransacting art, as well as the subsequent liability risks foradvisors, trustees and other third-party fiduciaries.