LONDON, July 25 -- Hiscox issued the following news release:
In response to a changing media and entertainment sector, specialist insurer Hiscox has merged its operations in global media, entertainment and events. Headed up by Suzanne Kemble as Global Head of Media, Entertainment and Events, the new division will serve as a single, one-stop-shop for a wide range of risks including media errors and omissions (professional indemnity), property, production insurance, advertisers' contingency and event cancellation.
The new Global Media, Entertainment and Events division will insure a wide portfolio of clients including advertising agencies, publishers, broadcasters, production companies, film studios, event organisers and individual exhibitors and, by merging Hiscox's expertise across the three sectors, further aligns the business with its broker and market segments. With the ability to underwrite risks using Hiscox UK's company licences as well as its Lloyd's licenses, the division will target international risks as well as UK based opportunities of all sizes.
With Suzanne Kemble heading up the division, Angela Weaver will take lead responsibility for media risks while Robin Walsh and Martin Linfield will be the underwriting managers for entertainment risks and events risks respectively.
Commenting on the formation of the new division, Suzanne Kemble said: "The worlds of media, entertainment and events never stand still and it is vital that we continue to adapt our business to offer our brokers the best products and service. By combining our expertise across these three sectors, brokers will have easier access to a division that better reflects the market.
"Our access to both Hiscox UK company and Lloyd's licences also means we can offer capacity for both UK and international risks and will be looking to grow our book both here in the UK as well as overseas across all three areas. We can also partner with the Media and Entertainment teams we have in our US offices to offer a global solution."
Elizabeth Seeger will continue to head up Contingency for Hiscox'sLondon Market division writing subscription business to Lloyd's brokers.
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