Insurance brokerage and risk management firm Integro has acquired London-based managing general agent (MGA) Entertainment Risk Management (ERM), for an undisclosed sum.
Established in 2002 by John Green and Karl Crawford, ERM provides services to brokers specializing in the film and television media industry.
A Lloyd’s cover holder ERM provides products, including film production insurance, producers errors and omissions, advertising agents indemnity, commercial producers indemnity / terrorism, prize indemnity, and film production insurance, as well as property and liability.
John Green and Karl Crawford will continue in their leadership roles and report to Integro’s global entertainment practice head Neil Clayton.
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."
"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."
Established in 2005, Integro and its family of specialty insurance and reinsurance companies provide services in the US, Canada, Bermuda and the UK.
Image: Integro has purchased London-based managing general agent, Entertainment Risk Management. Photo: courtesy of Stuart Miles/ FreeDigitalPhotos.net.