Tokio Marine Highland, a property and casualty underwriting agency, has launched fine art insurance for personal and commercial risks.

The new offering is aimed at the fine art market and covers art dealers, exhibitions, museums, and private and corporate collections.

Tokio Marine Highland has appointed Christiane Fischer as the president of the Fine Art Division.

Fischer joins from AXA Art Insurance, where she served as president and CEO from 2014-19.

She will be responsible for delivering Tokio Marine Highland’s speciality insurance solution.

Tokio Marine Highland CEO Pat Blandford said: “Her leadership and the team she is building will position Tokio Marine Highland at the forefront of the fine art insurance space.

“Our legacy has been built on serving niche, speciality insurance markets, and this new product line is a perfect complement to the innovative products and services our customers have come to know and expect.”

Fischer said: “We look forward to providing brokers with custom solutions to meet the complex needs of their clients and offering top-notch service and hands-on claims management.

“We have a highly qualified team who share my commitment to providing the best fine art insurance experience in the industry.”

Tokio Marine Highland is a part of Japanese insurance giant Tokio Marine Holdings, which has a market capitalisation of $34bn.

Last month, Tokio Marine teamed up with Metromile Enterprise to use its artificial intelligence fraud-detection product in Japan.