Specialty Insurance Group Inks Hollywood Deal

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Indianapolis-based Specialty Insurance Group has announced a deal with an entertainment industry company in California. The agreement will result in a SIG establishing a presence in Reel Media LLC's Burbank office. February 09, 2015 03:10 PM Eastern Standard Time

INDIANAPOLIS, Ind. - Specialty Insurance Group (SIG) and Reel Media, LLC announce the formation of a strategic alliance within the entertainment industry, combining experience and expertise to service Specialty Entertainment Insurance market segments.

The agreement combines the underwriting capabilities of both SIG and Reel Media with the established market activation of Reel Media and the financial strength of SIG and its affiliate, Everest Re Group. SIG will adopt a presence in Reel Media's Burbank, California office as a satellite of SIG’s Indianapolis, Indiana-based corporate headquarters.

"We are all excited for what this new chapter holds for both SIG and Reel Media," said Lorrie Miller, Senior Vice President, SIG. "I'm confident that together our teams will be capable of advancing the Specialty Entertainment Insurance market segments to a new level of value for our clients."

The partnership will see SIG fulfill the role of underwriter for the majority of Reel Media’s Specialty Entertainment policies, combining Reel Media’s growing client base with SIG’s superior underwriting capabilities, segment expertise, and the financial stability of its affiliated Everest Re Group insurance carriers (A+, XV rating by A.M. Best), and other A+ rated companies.

"We see our strategic alliance with SIG as a major advantage going forward," said Yvonne Cordova, President of Entertainment for Reel Media. "This partnership pairs the underwriting, sales and marketing expertise we have here at Reel Media with the underwriting excellence and financial strength of SIG and its insurance A+ carriers. Together, we are confident in offering superior coverages and loss prevention to our clients throughout key market segments."

For more information on SIG, visit the website at specialtyinsurancegroup.com or contact Greg Mosher, SIG Managing Director, via email at gmosher@specialtyinsurancegroup.com.

About Specialty Insurance Group:

Specialty Insurance Group (SIG), based in Indianapolis, Indiana, is a member company of Everest Re Group, Ltd. and operates within the specialty insurance industry. Focused on the development of customer relationships and creative programs that fit the business models of their partners, SIG provides a multitude of programs within the sports, leisure and entertainment markets. As a member company of Everest Re Group, Ltd., SIG offers excellent financial support through the rating strength of its affiliates, Everest National Insurance Company and Everest Indemnity, both rated A+, XV by A.M. Best. In addition, SIG also has strong working relationships with other leading A rated or better insurance companies and Lloyd's of London brokers.

SIG is driven and dedicated to its craft, ensuring that their partners NEVER STOP what they do. SIG's target programs include, but are not limited to: amateur and professional sports, motorsports, entertainment, event sponsors, venues and special events - all while offering insurance products in contingency, participant accident, worker’s compensation, property and liability coverage.

For more information go online to specialtyinsurancegroup.com.

Source: Specialty Insurance Group