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Film & TV Completion Bond Firm Media Guarantors Sold To SpottedRisk; Pandemic Insurance Top Of Mind
Jill Goldsmith Co-Business EditorEXCLUSIVE: Media Guarantors, the Fred Milstein-led completion bond firm that has helped launch dozens of domestic and international productions, is being sold by parent Cast & Crew to Boston-based SpottedRisk, a four year old insurer that specializes in niche entertainment products.SpottedRisk CEO Janet Comenos says the lack of quality pandemic insurance is top of mind at the combined company, which now has an expanded toolkit to tackle it, although products will undoubtedly cost more than what the industry is used to. She plans to announce several new products in coming weeks, including several that focus on the helping the independent film sector.
