EFTA00644580.pdf

From: Richard Joslin < To: Ada Clapp < >, Eileen Alexanderson < CC: Jeffrey Epstein <[email protected]> Subject: FW: Black Collection Date: Wed, 26 Feb 2014 17:43:50 +0000 Attachments: 20140226115653286.pdf Inline-Images: image001.png Let's discuss after lunch. This endorsement refers to a policy on a loan at an institution. The work in question is 100% trust owned. The endorsement does not name the trust as specific loss payee. My opinion is that is preferable to have the trust as a name insured. While the art loan agreement does not have the Trust as a named party, I think the insurance should be. From: Cheryl Karim [mailto: On Behalf Of Jeffrey Haber Sent: Wednesday, February 26, 2014 12:01 PM To: Richard Joslin Cc: Ada Clapp; Eileen Alexanderson; Vade Monioudis Subject: Black Collection Dear Rich, You all have voiced your concern that in the event of a loss that the claim check be made payable to the proper owner of the artwork. Would the attached wording satisfy your concerns? XL and the other insurers would have no issue with it. However, before I submit it, I would like your approval or recommendations for how it should be amended. I look forward to hearing from you. Kindest regards, Jeffrey Jeffrey A. Haber I Area Executive Vice President cid:[email protected] 1 re/tin 250 Park Ave, 3rd Floor New York, NY 10177 www.ajgrms.com IE-Mail : CONFIDENTIAL: The information in this e-mail and in any attachment may contain Information which is legally privleged. It is intended only for the attention and use of the named recipient. II you are not the intended recipient, you are not authorized to retain, disclose, copy or distribute the message and/or any of its attadvneMs. If you received this e-mail in error, please notify me and delete this message. Thank you. EFTA00644580