Integro Ltd has 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.