Intl. Film Finance Forum presented by Winston-Baker in association with Variety
Insurance companies are facing their own tough challenges in the film business.“There are a number of issues,” says Fred Milstein, managing director at Aon/Albert G. Ruben Insurance Services, with the simplest being that “there happens to be a lot of insurance capacity available in the marketplace and that depresses rates — which is good for film producers but more difficult for insurers.” Milstein is among the movie business mavens speaking at the Intl. Film Finance Forum May 13 in Cannes presented by Winston-Baker in association with Variety. “A number of insurers have realized that it is not good to be all things to all people — they are looking to be niche specialist companies,” he says. Steve Ransohoff, co-president of Film Finances agrees that it’s a buyers market.