What Media Guarantors does

Media Guarantors, operating through its legal entity CACH Media Guarantors Insurance Solutions, LLC, is a specialty insurance provider that issues completion guarantees and completion bonds for independent film and television productions. The company's core product is a Completion Guarantee underwriting and monitoring service: when a financier or distributor requires assurance that a film or TV production will be completed and delivered, Media Guarantors underwrites the risk and then actively monitors the production through a team of senior production executives who anticipate obstacles and intervene with creative and consultative solutions. Differentiated add-on modules include Covid and Communicable Disease Insurance extensions and production case-flow solutions. The service is delivered as a bespoke, negotiated transaction rather than a standardized product, with pricing tied to the production budget size, complexity, and risk profile.

The company is led by President and CEO Fred Milstein (formerly Global Head of Production at Miramax) and a bench of senior production executives with backgrounds at Disney, DreamWorks, Netflix, ProSight, Film Finances, Walden Media, and Blumhouse, including specialized coverage heads for animation (David Lipman) and post-production (Phillip Dawe). The company underwrites approximately 350-400 productions annually and serves a global client base of well-known, award-winning independent producers, with recent productions visible on its website including The Covenant, Hit Man, Flight Risk, The Beekeeper, and The Ministry of Ungentlemanly Warfare. Distribution is conducted entirely through direct enterprise sales and industry relationships, anchored by presence at events such as Cannes Film Festival.

The business is now structured as a subsidiary of Cobbs Allen Capital Holdings, LLC (CAC Group), a specialty insurance platform affiliated with the Baldwin Group, following an acquisition completed in September 2024. Prior to that, Media Guarantors had operated as a spin-out of Cast & Crew since April 2018, when it was founded by Fred Milstein and Scott Nicolaides. Revenue is generated through transaction-based completion guarantee fees, and operations are headquartered in West Hollywood, California, with formal coverage extending to Australia via a dedicated production consultant.

Name

Media Guarantors

Legal name

CACH Media Guarantors Insurance Solutions, LLC

Website

https://mediaguarantors.com

Company type

Private

Founded year

2018

Operating status

Acquired

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Entertainment Insurance (Completion Guarantee Services)

NAICS

Insurance Carriers and Related Activities (524)

SIC

Surety Insurance (6351)

akta.pro primary industry

Completion Bonds & Production Insurance (MPADAAAF)

akta.pro secondary industry

Production Insurance, Bonds & Risk Management (MPADAFAL)

Keywords

• Completion guarantees
• Entertainment insurance
• Film completion bonds
• Production risk management
• Independent film financing

Headquarters

HQ city

West Hollywood

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Completion Guarantee Fees: Completion guarantee services for film and TV productions. Media Guarantors issues completion bonds/guarantees to ensure productions stay on track from funding to final delivery. Revenue is generated through fees charged for guaranteeing production completion, typically a percentage of the production budget.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Media Guarantors issues completion guarantees (completion bonds) for independent film and television productions, underwriting the obligation that a project will be completed and delivered on schedule and on budget. The firm pairs this core guarantee with active monitoring by accomplished production executives and offers unique extensions such as Covid and Communicable Disease Insurance and production case-flow solutions. The company is a subsidiary of CAC Group (Cobbs Allen Capital Holdings) and part of the Baldwin Group, serving global independent producers and production companies.

Product overview

Media Guarantors operates as a single-product completion guarantee provider for independent film and television productions. The core offering is Completion Guarantees, supported by a best-in-class underwriting and monitoring team of accomplished production executives. The company differentiates through unique extensions including Covid and Communicable Disease Insurance and production case-flow solutions. The company was acquired by CAC Group in September 2024 and is part of the Baldwin Group.

Differentiator

Problem solved

Functional benefit

Products and services

• Completion Guarantees Core completion guarantee (completion bond) service underwriting that an independent film or television production will be completed and delivered on schedule and on budget. Aimed at independent producers, production companies, and their financiers/lenders, and supported by best-in-class underwriting and active monitoring by accomplished production executives.
• Covid and Communicable Disease Insurance Unique policy extension to the standard completion guarantee that provides coverage for production interruptions, shutdowns, or cost overruns caused by Covid-19 and other communicable diseases during film or TV production. Offered to independent producers and production companies.
• Production Case-Flow Solutions Consultative case-flow support provided alongside the completion guarantee, in which the underwriting and monitoring team helps clients structure workflows, anticipate obstacles, and apply creative solutions to keep productions on track. Targeted at independent producers and production companies seeking hands-on guidance throughout the production lifecycle.

Quantifiable outcome

• Over 350 films produced annually with completion guarantees
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• CAC GroupcoreStrategic or Co-development Partner · 23 September 2024CAC Group acquired Media Guarantors to strengthen its presence in the entertainment insurance industry. The acquisition aims to expand CAC Group's specialty industry focus and leverage Media Guarantors' expertise in the film sector. Media Guarantors operates as a subsidiary (CACH Media Guarantors Insurance Solutions, LLC) of Cobbs Allen Capital Holdings, LLC (CAC Group).
• Baldwin GroupcoreStrategic or Co-development PartnerMedia Guarantors is part of the Baldwin Group, which provides institutional backing and resources while allowing Media Guarantors to maintain its specialized focus on completion guarantees for independent film and TV productions.
• Cast & CrewminorStrategic or Co-development PartnerCast & Crew (payroll, accounting and production management company) originally launched Media Guarantors Insurance Solutions in April 2018 as a separate entity focused on completion bonds for the entertainment industry.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Chubb: Large multi-line insurer with an entertainment practice underwriting production-related insurance. Overlaps with Media Guarantors in the broader entertainment insurance space but does not specialize in completion guarantees for independents.
• Marsh: Global insurance broker and risk advisor with a significant entertainment industry practice. Acts as an intermediary placing production and completion-related coverage, overlapping with Media Guarantors on the placement side of entertainment insurance.
• Aon: Global insurance and reinsurance broker with a dedicated entertainment practice. CEO Fred Milstein previously held senior-level positions at Aon's film-focused group, and Aon serves as an intermediary for entertainment production insurance including completion bonds.
• Beazley: Specialty insurer with media and entertainment capabilities including production insurance. A broader market player that competes for production-related premium pools where Media Guarantors operates.
• Hiscox: Specialty insurer with an entertainment and film production practice. Provides production-related coverages that overlap with Media Guarantors' broader entertainment insurance category, though not focused exclusively on completion guarantees.
• Allianz: Global insurer with entertainment and production insurance capabilities, including surety and completion-related coverages. Competes with Media Guarantors in the broader entertainment insurance market though not specialized in independent film completion bonds.

Others

• Cast & Crew: Payroll, accounting, and production management company that originally incubated and launched Media Guarantors in 2018 as a separate entity. An ecosystem partner and former parent, not a direct competitor, but deeply connected to Media Guarantors' origin and distribution relationships.

Direct peers

• Cinefinance: A completion bond and production finance company serving independent film productions. Listed as a previous employer of Media Guarantors VP Ben Forrer, indicating direct overlap in completion guarantee underwriting for independent films.
• Film Finances Ltd: The dominant incumbent in completion guarantees for film and television. Film Finances is repeatedly cited in Media Guarantors' own leadership bios as the principal competitor, and multiple Media Guarantors executives (Fishkin, Lejsek, Jones, Forrer) previously worked there.
• ProSight Specialty Insurance: Previously operated a Completion Guarantee group whose alumni (Milstein, Nicolaides, Lipman, Forrer) now lead Media Guarantors. ProSight historically offered production surety and completion bonds directly competing with Media Guarantors' core product.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Media Guarantors