The numbers are impressive indeed, but as impressive as they may be, they don’t tell the real story. Nonetheless, it is impressive to learn that of the last 15 winners of Best of Show honors at the Pebble Beach Concours d’Elegance, 11 of them have something in common. And they share it with the owners of 18 of the 39 Ferrari 250 GTOs.
What all of those car owners share is that they are insured by the Private Client Group division of AIG, which has grown from its founding in 1919 as American Asiatic Underwriters to become the American International Group, a major and multi-faceted global insurance company. The company’s business for fine art and vintage vehicles is overseen by Ronald Fiamma, senior vice president and global head of private collections. Continue reading