New York and London (August 25, 2015) – International insurance brokerage and risk management firm Integro Ltd. today announced the acquisition of Entertainment Risk Management Ltd. (ERM), adding a London-based managing general agent (MGA) to its robust international Entertainment practice. Financial details of the transaction have not been disclosed.
Entertainment Risk Management Ltd. primarily serves brokers specializing in the film and television media industry. It was launched in 2002 by John Green and Karl Crawford, who will continue in their leadership roles and report to Neil Clayton, head of Integro’s global Entertainment practice.
Several Integro sector brands are among Entertainment Risk Management’s existing clients, including Doodson Entertainment, Allan Chapman James and Stonehouse Conseillers, all previous Integro acquisitions that exemplify one area of Integro’s evolution to a leading specialist firm.
“Entertainment Risk Management adds an important element to Integro’s entertainment sector capabilities,” Clayton said. “ERM will continue to operate as a Lloyd’s cover holder serving an international network of retail brokers providing a specialist underwriting service for their clients.”
Clayton added, “ERM rightfully expects Integro will provide greater financial strength to develop new underwriting systems and new product lines which are complimentary to ERM’s core business. We are delighted to welcome John and Karl and look forward to sharing their expertise with our entire wholesale London team, which places business for clients in 125 countries.”
ERM was created to be a special 'niche' underwriting entity to focus on all entertainment related business -- principally film and television productions, including advertising films/commercials.
ERM's principal partners on its main Film Package Facility are Lloyd's Underwriters, enabling them to transact cover in most territories in the world as admitted security or as a re-insurer. Lloyd's Underwriters are often able to underwrite risks in key filming locations where other film insurance carriers are often unable to insure.
About Entertainment Risk Management (ERM) Entertainment Risk Management Ltd., founded in 2002, is a boutique Managing General Agent that focuses on Entertainment related business. A Lloyd’s cover holder, ERM partners with Lloyds and the London market in writing coverage for film, television and media risks. ERM’s offerings include Film Production Insurance, Producers Errors & Omissions, Advertising Agents Indemnity, Commercial Producers Indemnity / Terrorism, Prize Indemnity, and Film Production Insurance, as well as Property and Liability. ERM is located at 150 Fenchurch St., London EC3M 6BB, United Kingdom.
About Integro Integro is an insurance brokerage and risk management firm. Clients credit Integro’s superior technical abilities and creative, collaborative work style for securing superior program results and pricing. The firm's acknowledged capabilities in brokerage, risk analytics and claims are rewriting industry standards for service and quality. Launched in 2005, Integro and its family of specialty insurance and reinsurance companies, some having served clients for more than 150 years, operate from offices in the United States, Canada, Bermuda and the United Kingdom. Its U.S. headquarter office is located at 1 State Street Plaza, 9th Floor, New York, NY 10004. 1-877-688-8701. www.integrogroup.com
Betsy Van Alstyne