Unknown to many, risk management and insurance are some of the entertainment industry’s most critical components. However, if the lawsuits in the news involving the high-profile entertainment industry are an indicator, it’s apparent that there are gaps in acquiring proper insurance coverage while preventing risk exposures.
LMP Group, a company committed to providing tailored insurance, reinsurance broking, and risk management solutions to the entertainment, music, and sports industries, addresses these gaps. Its expertise and comprehensive infrastructure allow it to offer end-to-end services that ensure clients feel supported through the entire process.
Many companies specialize in handling distinct aspects of insurance. LMP Group stands out with its all-encompassing approach, guaranteeing management of all areas of the client’s insurance needs. Its offerings include mandatory corporate insurance, which covers professional indemnity, general liability, and directors’ and officers’ liability. Those who require niche or specialized coverages (e.g., event cancellation, media liabilities, non-appearance, terrorism, etc.) can also seek the firm’s services. LMP Group is renowned for exemplifying excellence and reliability, as illustrated by its 24/7 availability to clients.
The firm’s success can be attributed to the credibility of its team composed of experienced professionals with extensive industry knowledge and decades of experience in the entertainment, media, and sports sectors. Matthew Meredith, the CEO, leverages his 25-year experience, including a successful tenure at Live Nation Entertainment as an international risk manager, to shape the company’s unique offerings.
John Silock, the former CEO of the renowned entertainment broker Robertson Taylor (now called Tysers Live) is also part of the dynamic team. With over 40 years of experience in entertainment insurance, he’s an asset to LMP Group. The former CFOs of Live Nation Entertainment, United Talent Agency, and BAFTA also joined the firm, eager to contribute their expertise to provide clients with well-informed insights and cutting-edge solutions.
It’s significant to mention that LMP Group is a Lloyd’s of London broker. This designation translates to the company having access to the world’s largest insurance marketplace. This accessibility enables LMP Group to provide its services globally, which is an immense advantage, especially in the current nature of the entertainment, media, and sports landscapes.
The Lloyd’s Building (also known as The Inside-Out Building) with copy space. It is the home of the insurance institution Lloyd’s of London and is located at One Lime Street in the City of London, England.
LMP Group has successfully solidified its presence in the music industry over the years of its operations. In fact, in September 2024, it sponsored the International Festival Forum (IFF), a pivotal event for conference sessions, networking, and showcases. The firm will also co-sponsor the highly anticipated International Live Music Conference (ILMC) in March 2025. This prestigious event is expected to attract decision-makers and stakeholders from over 44 countries.
Besides the music sector, LMP Group is revolutionizing the sports industry, including the National Football League (NFL). It intends to utilize its expertise to extend its impact in this space. Meredith remarks, “Being part of the Lloyd’s of London, a global trading marketplace for insurance, puts us in an advantageous position. We can handle business and help clients across the world solve their problems.”
LMP Group’s commitment to its clients goes beyond just providing insurance, helping clients think differently about their business, and enabling better performance. Its full-service brokerage model is backed by decades of experience and a deep understanding of the unique challenges faced by the music, entertainment, and sports industries, ensuring that clients receive tailored, comprehensive insurance solutions.
Eyeing further expansion driven by a track record of excellence, LMP Group is well-positioned to disrupt the industry and set new standards for insurance and risk management in the entertainment, sports, and media sectors. “Our clients come to us because we understand their needs and deliver solutions that safeguard their passion and livelihood. We are not just insurance brokers; we are partners in their success,” Meredith says.
