Completion bond outfit European Film Bonds has struck a partnership with insurance firm Inter Hannover that it says will allow the company to guarantee films on a larger budget level.
Recent projects bonded by EFB include Idris Elba’s Yardie and Chanya Button’s upcoming Vita & Virginia. The company is now planning to increase the number of projects it takes on and will be expanding its staff.
Inter Hannover is owned by Hannover Re, the third largest reinsurance company in the world with a gross premium of around $19.9bn.
Nina Crone, who oversees bonding activity from EFB’s Copenhagen office, Sudie Smyth, newly-appointed MD of EFB’s London office, and production executive Simon Bosanquet are all attending this week’s European Film Market (EFM) in Berlin.
Separately, EFB has also secured financial backing from investment firm Sape Group.
Read more: Yardie Review
Sape Group director Soren Helmer Jensen said: “With Sape’s full support, we’re very excited to be embarking on an ambitious program of growth and expansion that will keep EFB in the first rank of completion bond providers, serving producers, financiers and funding bodies across all film, television and online platforms.”
Crone added: “With our new alliances, we can ensure that the unique way in which we service the needs of filmmakers and bond beneficiaries alike will continue. The EFB team looks forward to welcoming both old and new customers at the Berlinale to hear about your upcoming projects.”
Upcoming projects handled by EFB include Lone Scherfig’s Secrets Of The Russian Tea Room and Daniel Radcliffe action film Guns Akimbo.