PETALUMA, Calif., Aug. 9, 2022 /PRNewswire/ -- Tangram Insurance Services, Inc. ("Tangram"), one of the largest independent managing general underwriters and program managers in the United States, acquired Los Angeles-based New Empire Entertainment Insurance effective August 1, 2022.
New Empire is a leading insurance agency specializing in the entertainment industry. Since 2008, the New Empire team has helped thousands of production companies and independent producers identify their insurance needs and protect their productions. The company works with the top entertainment insurers to obtain the best coverage possible, at the most competitive rates, without sacrificing coverage and protection.
"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."
"I am thrilled to have the New Empire team join our family of specialty programs. 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," said Rekha Skantharaja, President and CEO of Tangram Insurance Services. "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."
Tangram is interested in collaborating with privately held MGUs, MGAs, and program managers across the United States in order to continue its growth trajectory. If you are interested in learning more, please contact Matt McKenna, Director of Corporate Development, at 925-746-7962 or firstname.lastname@example.org.
About Tangram Insurance Services, Inc.Tangram Insurance Services, Inc. is a managing general underwriter and national program manager bringing in-depth expertise and specialized program capabilities to a variety of industries. With 20 years of experience in the program space, Tangram partners with top insurance companies to deliver niche insurance solutions. For more information, please visit tangramins.com.
This Press Release is for informational purposes only and does not constitute an offer, invitation, solicitation, or recommendation to buy, sell, subscribe for, or issue any securities. While the information provided herein is believed to be accurate and reliable, TAG Financial Institutions Group, LLC and Ashland Securities, LLC make no representations or warranties, expressed or implied, as to the accuracy or completeness of such information. All information contained herein is preliminary, limited, and subject to completion, correction, or amendment. It should not be construed as investment, legal, or tax advice and may not be reproduced or distributed to any person. Certain Principals of TAG Financial Institutions Group, LLC are registered representatives of Ashland Securities, LLC Member FINRA, SIPC. TAG Financial Institutions Group, LLC and Ashland Securities, LLC are separate and unaffiliated entities. Securities and Investment Banking Services are offered through Ashland Securities, LLC.
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