LONDON, Feb. 5, 2025 /PRNewswire/ — AXA XL is proud to reaffirm its ongoing partnership with the Royal Academy of Arts, London (RA), for the AXA Art Prize UK 2025. The prestigious prize will award £10,000 to a remarkable piece of figurative art showcased at the RA’s 2025 Summer Exhibition.
The winner of the AXA Art Prize UK, chosen from the renowned RA Summer Exhibition, will be unveiled in July 2025. This initiative serves to enhance AXA XL’s 16-year tradition of nurturing emerging artists and underscores its dedication to fostering and safeguarding the arts worldwide.
Sean McGovern, CEO UK & Lloyds Market, AXA XL, underscored, “Through this partnership, we aim to celebrate UK-based artistic prowess and fortify our business ties, both underpinned by our mutual commitment to conserving cultural heritage.”
Rebecca Salter, President of the Royal Academy of Arts, said: “On behalf of all of us at the Royal Academy, I would like to express our sincere gratitude to AXA XL for their continued support of the RA which extends to the AXA Art Prize. This prize celebrates outstanding works in the world’s largest open-submission exhibition, and we look forward to honouring the 2025 award recipient. We greatly appreciate AXA XL for their dedication to championing artistic excellence.”
Jennifer Schipf, Global Chief Underwriting Officer for Fine Art & Specie, AXA XL, further noted, “It’s an honour to collaborate with the Royal Academy of Arts in highlighting UK artists. This aligns perfectly with our mission to protect and preserve art for future generations, as we continue to support museums, galleries, universities, and collectors globally.”
AXA XL, a division of AXA, is one of the largest fine art insurers in the world. Our fine arts professionals have built a solid foundation based on years of industry experience in understanding the value, both financial and sentimental, when it comes to safeguarding works of art, jewelry, and specie. With AXA XL’s global footprint that includes over 1,200 highly experienced, locally empowered claims professionals managing covered claims in more than 200 countries and territories, we’ll be there for you – wherever and whenever you need us. To learn more, please visit www.axaxl.com
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About the Royal Academy of Arts
The Royal Academy of Arts was founded by King George III in 1768. It has a unique position in being an independent, privately funded institution led by eminent artists and architects whose purpose is to be a clear, strong voice for art and artists. Its public programme promotes the creation, enjoyment and appreciation of the visual arts through exhibitions, education and debate. The Royal Academy is an independent charity. It does not receive revenue funding from the government so is reliant upon the support of its visitors, donors, sponsors, patrons and loyal Friends.
History of the Summer Exhibition
One of the founding principles of the Royal Academy of Arts was to “mount an annual exhibition open to all artists of distinguished merit” to finance the training of young artists in the Royal Academy Schools. The Summer Exhibition has been held every year without interruption since 1769 and continues to play a significant part in raising funds to finance the students of the RA Schools. The RA Schools is the longest established art school in the UK and offers the only free three-year postgraduate programme in Europe. As the world’s largest open submission contemporary art show, the Summer Exhibition provides a unique platform for emerging and established artists to showcase their works to an international audience, comprising a range of media from painting and printmaking to photography, sculpture, architecture and film. Royal Academicians are automatically entitled to submit up to six works to the Summer Exhibition and the rest of the exhibition features work by those invited by the committee and external entrants.
1AXA XL is a division of AXA Group providing products and services through four business groups: AXA XL Insurance, AXA XL Reinsurance, AXA XL Art & Lifestyle and AXA XL Risk Consulting.
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Originally published at https://www.prnewswire.com/news-releases/axa-xl-and-the-royal-academy-of-arts-announce-the-2025-edition-of-the-axa-art-prize-uk-302367967.html
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