Tangram Insurance Services, one of the country’s largest independent managing general underwriters and program managers, has announced the acquisition of Los Angeles-based New Empire Entertainment Insurance.
New Empire specializes in the entertainment industry, and has helped thousands of production companies and independent producers protect their productions.
“We are very excited for the New Empire team to be partnering with Tangram,” said James Bekhor, CEO of New Empire. “Tangram’s relationships, innovation and experience will provide acceleration to New Empire’s overall program offering and commitment to the entertainment industry.”
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“I am thrilled to have the New Empire team join our family of specialty programs,” said Rekha Skantharaja, president and CEO of Tangram Insurance Services. “As Tangram leaps forward, we seek programs and teams that deepen our capabilities in a specific market segment. The entertainment industry has emerged from the challenges of the past two years, and continues to show resilience and opportunity.
“We are excited to provide insurance solutions for businesses and people creating films, music and special events. I am especially proud that our independent and entrepreneurial culture continues to resonate with our peers in the industry.”