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Take1 Insurance, L.A. Xcess Merge

Live Entertainment Production Insurers Take1 and L.A. Xcess Team Up

Laguna Hills, CA (March 12, 2018)—Entertainment insurance solutions provider Take1 Insurance has merged with L.A. Xcess Insurance Brokers, Inc., a Los Angeles-based national wholesale broker of entertainment, sports and leisure insurance.

The move comes in the wake of L.A. Xcess’s acquisition by U.S. Risk Insurance Group LLC, the nation’s fifth largest Property & Casualty wholesaler and corporate parent of Take1.

The move, according to Take1 Insurance executive vice president & program director Scott Carroll, will allow the companies to offer a range of customized insurance solutions for Rental & Staging, Film & Television Production, Loan Out, Touring Entertainment, Live Event Production, Event Service, Special Events, Motor Sports and Contingency.

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“The combination of L.A. Xcess with Take1 Insurance means that, together, we can be the brokers for a broad spectrum of the modern entertainment industry, offering the best of both broking and underwriting,” Carroll said. “Together, Take1 and L.A. Xcess look forward to working with our domestic and international partners, who represent virtually every major entertainment and sports specialty market, to bring our retail customers the absolute best that the entertainment insurance industry has to offer.”

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L.A. Xcess founder Richard Rutkin noted, “We are delighted to join Take1 and the U.S. Risk family of companies. We believe Take1’s entrepreneurial culture matches up very well with ours, and we are excited to be able to both supplement our offering to current clients and to expand our client base through Take1 and the U.S. Risk network of agents.”

Take1 Insurance •