CAC Group acquires Media Guarantors

CAC Group , an insurance broker and advisor, announced the acquisition of Media Guarantors, a global player in completion guarantees for independent film production. This strategic move reaffirms CAC Group’s commitment to bolstering its presence in the entertainment industry and expanding its specialty industry and product focus.

With a team based in Hollywood, Media Guarantors brings a wealth of expertise and a strong industry reputation. Janet Comenos will assume the role of Entertainment Practice Leader at CAC Group. Fred Milstein, President and Chief Executive Officer of Media Guarantors, will continue to lead the company under the new structure. Together, they will drive the integration and growth of Media Guarantors’ robust completion guarantee services, which play a critical role in the independent film production space.

Media Guarantors specializes in completion guarantees for independent film and television projects, ensuring that productions stay on track from funding through completion. With approximately 350-400 films produced annually, and a significant portion of these projects being outside major studios, Media Guarantors’ role is vital to the industry.

“This acquisition is part of our broader corporate strategy to invest in CAC Group’s specialty focus and establishes our foundation in the entertainment insurance space. We are well-positioned to make a substantial impact with a strong team of experts in California that are recognized in the entertainment industry for their exceptional capabilities.” – Mike Rice, Chief Executive Officer of CAC Group.