CAC Group Acquires Media Guarantors to Expand Specialization in Entertainment Sector

DENVER — CAC Group, a leading insurance broker and advisor, today announced the acquisition of Media Guarantors, a prominent 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.

Mike Rice, Chief Executive Officer of CAC Group said, “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.”

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.

“The acquisition of Media Guarantors is an exciting milestone for all involved,” said Comenos. “The CAC Group platform and team will enhance Media Guarantor’s ability to offer comprehensive entertainment solutions that address the unique risks and challenges of independent film production. We look forward to the opportunities this integration provides and the future we will build together, serving clients in a better, smarter way.”

“We are excited to join forces with CAC Group,” added Milstein. “This partnership further strengthens our services and expands our offerings. Our highly skilled, experienced team has a deep-rooted presence in Hollywood and this move positions us well to continue to innovate and support the entertainment sector.”

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.

About CAC Group

CAC Group is a leading insurance broker and advisor that provides expertise and placement capabilities across the spectrum of insurance and capital markets. The entity comprises CAC Specialty, an industry-leading specialty broker, CAC Agency, a P&C, personal lines and employee benefits broker, and CAC Capital, a structured solutions group that specializes in the convergence of insurance and capital markets. Collectively, CAC Group serves large corporations, small-to-medium enterprises as well as individuals. It is an employee-owned company and ranked in the top 40 of all U.S. brokerage firms. For more information, please visit us at cacgroup.com.

Media Contacts
Meg Cotiguala
312-459-6362
Meg.cotiguala@kemperlesnik.com