The insurance firm announced the establishment if its media and entertainment team in January
XL Catlin’s insurance operations today announced the launch of insurance solutions to support the media and entertainment industry.
The insurance and reinsurance company launched its products to address risks faced by organisers, performers and producers whilst supporting trades in the entertainment industry.
This includes a product dedicated to film and television producers and another to cover live performance events and firms in that sector.
The announcement follows the establishment of XL Catlin’s media and entertainment team this year in January.
The products are offered on an annual or project-by-project basis providing cover to each specific area as well as being customisable to each production or event.
Leading the team is John Young, underwriting manager in media and entertainment, he said: “From the risk that a star actress gets injured on set, through to the theft of cameras or props, the exposures associated with making movies and TV programmes vary greatly from one project to the next. The same rings true for touring professionals and businesses associated with live events.”
Young has 19 years of experience in the London market as well as 10 years specialising in media and entertainment underwriting.
He joined XL Catlin from Prosight Speciality insurance where he was the head of media.
He added: “This is why it’s important for those companies to partner with expert underwriters who have significant experience in this specialist area, and the global capability to support their projects, wherever they may have to shoot, set a stage or perform.”
Many stars have injured themselves on stage, the largest to scale is the Manchester Arena bombing last year in May which saw a suicide bomber detonate a home-made bomb as fans were leaving the venue at Ariana Grande’s concert, an incident which killed 22 people and injured 59 Grande has said she suffered post-traumatic stress disorder as a result.
In June this year, XL Catlin launched an insurance policy aimed at companies with fleets of vehicles which could be used as weapons in terror attacks, following the anniversary of the Borough Market attack.
Meanwhile in the acting world, 2008 saw James Bond actor, Daniel Craig injure his shoulder in a 007 stunt gone wrong filming Quantum of Solace. Spectre also saw the star suffer a knee injury requiring two bouts of surgery whilst delaying filming. In his first stunt in Casino Royale 2006, he had two of his teeth accidentally knocked out and his dentist had to be flown in from London.
XL Catlin insurance companies offer property, casualty, professional, financial lines and specialty insurance products globally.
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