entertainment insurance News

British Theatres, Concerts Say Shows Will Go on Only With Insurance Help

British theaters and live music venues say the show will only go on if the government provides a financial backstop, as the COVID-19 pandemic means they can no longer get commercial insurance. While venues for indoor live performances are not …

SpottedRisk Acquires Completion Bonds Agency Media Guarantors

Entertainment insurance provider SpottedRisk has acquired Media Guarantors, a specialized managing general underwriter focused on completion bonds for the film industry. West Hollywood, Calif.-based Media Guarantors, launched in 2018, has been a subsidiary of Cast & Crew, a payroll, human …

Tolley to Lead Marsh’s New Sport, Entertainment & Media Group in UK, Ireland

Global insurance broker Marsh has created a dedicated Sport, Entertainment & Media (SEM) industry group in the United Kingdom and Ireland. Led by global events specialist Richard Tolley, the group brings together 60 client management, technical, placement and risk management …

Markel International Exits Personal Accident, Contingency Insurance on COVID-19 Impact

Markel International, the London-based specialist insurer and division of Markel Corp., has announced its wholesale business will now focus solely on the entertainment book of business within its personal accident, contingency and entertainment (PACE) portfolio. As a result, with immediate …

For Entertainment Insurance Specialists, Coronavirus Intermission Is Looking Long

The entertainment industry is prepping for its return to work after a near total shutdown from COVID-19. For the entertainment industry and the insurance brokers serving this sector, what that return to work will look is still out of camera …

UK’s Integro Offers Piracy Protection Cover for Entertainment Industry

Integro Insurance Brokers, the UK insurance broker and risk management firm, announced it is offering Piracy Protection Insurance for the entertainment industry. The firm’s Piracy Protection Insurance is designed to return lost revenue to film and TV rights holders and …

Phillips to Head Allianz Global Entertainment Business in North America

Allianz Global Corporate & Specialty reported that Wanda Phillips will take on responsibility as the North America regional head of Entertainment, effective January 1, 2019. Phillips will replace Sue McGuirl who has left Allianz to pursue opportunities outside of the …

AFL Insurance Brokers Finds Good Strategic, Cultural Fit with U.S. MGA Zodiac

AFL Insurance Brokers, the London-based Lloyd’s broker, was looking for an MGA platform in the United States and found the perfect partner last month when it purchased Zodiac Insurance Services, which specializes in professional, entertainment and event insurance. It wasn’t …

K&K Releases New Insurance Program for Air Shows

K&K Insurance Group, Inc., a subsidiary of Aon plc, has launched a new program designed for air shows that provides coverage for military air shows, civilian air shows, fly-ins, static aircraft displays, static/grounded hot air balloon displays and balloon glows …

Failed Fyre Festival and a Lesson in Events Insurance

Already facing numerous lawsuits, Fyre Festival organizer Billy McFarland was arrested on federal charges last week. The government alleged he defrauded investors who bought into Fyre Media Inc., the New York-based company behind the music festival which collapsed so spectacularly …