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Completion Bond Firm Media Guarantors Is Acquired By CAC Group
Media Guarantors, a leading provider of completion bonds for independent film, along with the assets of sister company SpottedRisk, was acquired by CAC Group.
Media Guarantors, a leading provider of completion bonds for independent film, along with the assets of its sister company SpottedRisk, has been acquired by big insurance brokerage CAC Group, marking a major shift in a space with only a few key players. She called the CAC deal “an exciting milestone” that will “enhance Media Guarantor’s ability to offer comprehensive entertainment solutions that address the unique risks and challenges of independent film production.” CEO Mike Rice called the deal “part of our broader corporate strategy to invest in CAC Group’s specialty focus and establishes our foundation in the entertainment insurance space.
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