The British financier Great Point is launching an insurance system
British financier Great Point works with Oxford Risk Management Group to provide Covid-19 coverage and with Reel Media to provide the underlying production insurance for the film and television projects they invest in. Great Point says it has Capacity to insure $ 400 million production over the next 12 months. Any film or television production that Great Point funds can access the insurance package, which is the first of its kind in the industry. Major areas that have been excluded by insurers since the pandemic began earlier this year, including Covid-19 disease, the sickness of the crew and others, and the civil authority shutdown, will all be covered by the new product. The product is overseen by Peter A. Marshall, CEO of DeWitt Stern Entertainment, a risk strategies company. Great Point already operates a master production program policy signed by Reel Media, the management team that publishes film and television guidelines backed by major global insurer Allianz.
Related story
“The Unlikely Killer”: Netflix orders a limited series about the murder of Swedish Prime Minister Olof Palme
UK Cinema Org calls for more government support
The UK Cinema Association, the UK cinema operators’ trade organization, has launched the Keep the Magic Alive social media campaign to convince the government to provide additional funding for its members, many of whom are struggling to cope with the Covid-19 challenge to survive. Actor and writer Stephen Fry narrated the heart of the campaign, a short film that reminds viewers of the contribution that cinemas are making to both individuals and communities and encourages as many people as possible to reach out to their local MPs to turn to ask him Government enters. While many smaller venues have been funded by the BFI and the decentralized administrations, the UKCA is concerned not only that this may not be enough given the ongoing restrictions and bans many are facing, but also that the largest operators – the make up around 80 percent of the British cinema market – have so far not received any specific support that goes beyond the general offer for companies. In addition to Stephen Fry, the campaign has already received support from director Edgar Wright and producer Nira Park.
Comments are closed.