December 02, 2013

ProSight Named Official Insurance Partner of the Association of Independent Commercial Producers

ProSight Specialty Insurance today announced it has partnered with the Association of Independent Commercial Producers (AICP) and has been designated as its official insurance partner for 2013 and 2014. AICP was founded in 1972 by a small group of television commercial production companies, and today its members account for 85 percent of all domestic commercials aired nationally, whether produced for traditional broadcast channels or non-traditional use such as film and online. ProSight is looking forward to a fruitful relationship with AICP, and are confident that this will be a positive partnership for both organizations.

Yvonne T Cordova, Senior Vice President – Entertainment Programs, said, “When most people think of the entertainment industry, feature films and television programs are the first thing that comes to mind. In fact, advertising is a multi-billion dollar industry, and while it may lack the ‘glitz and glamour’ of Hollywood blockbusters, commercials on various media – including film, video, and digital – play a critical role in the media ecosystem. And just like their counterparts in movies and TV, production companies that specialize in commercials often face complex insurance issues that require deep expertise to minimize risk and ensure that projects are completed on time and on budget.”

Matt Miller, President and CEO, AICP said, “We’re thrilled to have ProSight Specialty Insurance on board as AICP’s official insurance partner, and we look forward to building joint initiatives with ProSight with the goal of educating and engaging AICP members in ongoing discussions about entertainment insurance and risk management best practices.”

For more information, please email Yvonne Cordova at ycordova@prosightspecialty.com or by phone at 818 230 8201.

About ProSight Specialty Insurance

ProSight Specialty Insurance was founded by CEO Joe Beneducci in 2009 and is backed by affiliates of TPG Capital and GS Capital Partners. ProSight Specialty Insurance focuses on niche markets where it has differentiated underwriting and claims expertise and partners exclusively with specialist distributors who have a deep understanding of their customers. More information about ProSight Specialty Insurance can be found on its website at https://www.prosightspecialty.com.

About AICP

Founded in 1972, the AICP represents, exclusively, the interests of United States companies that specialize in producing commercials in various media – film, video, digital – for advertisers and agencies. The association, with national offices in New York and Los Angeles as well as eight regional offices, serves as a strong collective voice for this $5-plus billion industry, disseminating information; representing the production industry within the advertising community, in business circles, in labor negotiations and before governmental officials; developing industry standards and tools; providing professional development; and marketing American production.