Posted on 09 Jul 2010
Aon/Albert G.Ruben, the world's leading insurance broker for the entertainment industry, today celebrates its 50th anniversary. A half-century ago, Albert G. Ruben had a bold vision to create a new format of entertainment insurance. From this humble beginning, today's retail entertainment division of Aon Corporation (NYSE: AON) – four times the size of any other provider or broker of insurance in the world of entertainment – was born.
For 50 years, Aon/Albert G. Ruben has broken new ground in the entertainment industry, and we continue to serve as the global architect and originator of innovative risk solutions to help our clients succeed," said Douglas Turk, executive vice president of Aon/Albert G. Ruben. "Our clients benefit from our consistent ability to manage their risk without sacrificing their creative vision."
Recent examples of the expertise and value delivered to clients of Aon/Albert G. Ruben:
- In support of both domestic and foreign film production, Aon/Albert G. Ruben has crafted an exclusive solution to facilitate film financing by providing production incentive indemnity, insuring against causes of loss ranging from bankruptcy or insolvency to the destruction of sets.
- Since the inception of reality TV, Aon/Albert G. Ruben has served as the genre's dominant risk control and solutions provider, insuring risks on programs such as "Fear Factor," where a contestant jumped from one speed boat to another as the boats cut through the water side-by-side at 45 miles per hour, and "The Rebel Billionaire: Branson's Quest for the Best," where two contestants sipped tea with Richard Branson on top of a hot air balloon at an altitude of 20,000 feet.
- The entertainment business has felt the impact of the depressed global economy with the dramatic decline in the number of firms looking to underwrite films. Aon/Albert G. Ruben has taken a creative approach to this challenge by helping its clients leverage their accounts receivable assets to improve their financing and operational activities.
With offices in global entertainment hubs such as Hollywood, New York, Chicago, Toronto, London and Beijing, Aon/Albert G. Ruben is a crucial behind-the-scenes partner to the key players in entertainment and communication, providing risk management services and insurance coverage to organizations in the business of motion pictures, television, radio, theater and sports.