Sheldon Jay Bachrach (April 7, 1944 – July 8, 2024) was an American insurance broker, investor, businessman, and philanthropist. Bachrach held positions as President of Entertainment and High Net Worth divisions for USI (acquired by

Goldman Sachs The Goldman Sachs Group, Inc. ( ) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many internationa ...

), and Albert G. Ruben of Beverly Hills. He was awarded the Guinness World Record in 1990 for the largest life and disability policy ever written at the time, valued at over $140 million. He was the founder and President o
Bachrach & Associates
co-founder and Partner of Extract Value, and Director of American Chariot.

Professional history

Bachrach wrote his first insurance policy for a major entertainer in 1983 and followed with policies for entertainers like

Neil Simon Marvin Neil Simon (July 4, 1927 – August 26, 2018) was an American playwright, screenwriter and author. He wrote more than 30 plays and nearly the same number of movie screenplays, mostly film adaptations of his plays. He received three ...

Van Halen Van Halen ( ) was an American rock band formed in Pasadena, California, in 1973. Credited with restoring hard rock to the forefront of the music scene, Van Halen was known for their energetic live performances and the virtuosity of their guit ...

, and

Kiss A kiss is the touching or pressing of one's lips against another person, animal or object. Cultural connotations of kissing vary widely; depending on the culture and context, a kiss can express sentiments of love, passion, romance, sex ...

. Early in his career, Bachrach was able to write insurance policies for previously uninsurable positions. Bachrach pioneered practices that are employed by companies worldwide, including policies for: * Advertising commercial wrap-ups for Fortune 500s such as

Coca-Cola Coca-Cola, or Coke, is a cola soft drink manufactured by the Coca-Cola Company. In 2013, Coke products were sold in over 200 countries and territories worldwide, with consumers drinking more than 1.8 billion company beverage servings ...

McDonald's McDonald's Corporation, doing business as McDonald's, is an American Multinational corporation, multinational fast food chain store, chain. As of 2024, it is the second largest by number of locations in the world, behind only the Chinese ch ...

, Ford Motors, Philip Morris, and

Toyota is a Japanese Multinational corporation, multinational Automotive industry, automotive manufacturer headquartered in Toyota City, Aichi, Japan. It was founded by Kiichiro Toyoda and incorporated on August 28, 1937. Toyota is the List of manuf ...

; * Drug-related filming delays for stars such as Courtney Love in '' The People vs. Larry Flynt'' * Actors who pilot aircraft, such as

Harrison Ford Harrison Ford (born July 13, 1942) is an American actor. Regarded as a cinematic cultural icon, he has starred in Harrison Ford filmography, many notable films over seven decades, and is one of List of highest-grossing actors, the highest-gr ...

in the blockbuster ''

Air Force One Air Force One is the official air traffic control-designated Aviation call signs, call sign for a United States Air Force aircraft carrying the president of the United States. The term is commonly used to denote U.S. Air Force aircraft modifie ...

'' * Aging key persons, such as acclaimed director Sir David Lean, for his last movie ever made; * Severe medical conditions, such as for Academy Award-winning director/actor

John Huston John Marcellus Huston ( ; August 5, 1906 – August 28, 1987) was an American film director, screenwriter and actor. He wrote the screenplays for most of the 37 feature films he directed, many of which are today considered classics. He rec ...

; * Pregnant actresses during filming for actresses like

Bette Midler Bette Midler ( ;''Inside the Actors Studio'', 2004 born December 1, 1945) is an American actress, comedian, singer, and author. Throughout her five-decade career Midler has received List of awards and nominations received by Bette Midler, numero ...

; * Magicians, entertainers, and "Big Cats" performers, including popular Las Vegas acts; and * Winnings for some of television's longest-running game shows like ''

The Price Is Right ''The Price Is Right'' is an American television game show where contestants compete by guessing the prices of merchandise to win cash and prizes. A 1972 revival by Mark Goodson and Bill Todman of their The Price Is Right (1956 American game ...

''. Bachrach appeared as an expert witness in

Los Angeles County Los Angeles County, officially the County of Los Angeles and sometimes abbreviated as LA County, is the most populous county in the United States, with 9,663,345 residents estimated in 2023. Its population is greater than that of 40 individua ...

and Federal Court on

Liability Insurance Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims and protects the in ...

, including Errors & Omissions, Directors & Officers and Employment Practices Liability.

Philanthropy

Bachrach was on the Board of ABCs at

Saint John's Health Center Providence Saint John's Health Center, formerly St. Johns Hospital and Health Center, is a private not-for-profit, Roman Catholic hospital in Santa Monica, California, United States. The hospital was founded in 1942 by the Sisters of Charity of ...

, major contributor to

Cedars-Sinai Cedars-Sinai Medical Center is a non-profit, Tertiary referral hospital, tertiary, 915-bed teaching hospital and multi-specialty academic health science centre, academic health science center located in Los Angeles, California. Part of the Cedars ...

, LACMA, and other well-known Los Angeles institutions. The Bachrach Family is also on the Board of Governors at

, Members of the Amie Karen Cancer Fund for Children for over twenty years, Assistance League for over ten years, UNICEF, and a supporter of the Circle of Angels.

Personal life and death

Shel Bachrach was married to Kathleen Wright Bachrach with four children and resided in his Bel Air estate with additional homes in Malibu, Palm Springs, and New York. Bachrach's four children are Laura Bachrach, Scott Bachrach, Ryan Bachrach, and Courtney Bachrach. His grandchildren are Benjamin Bachrach and Asher Bachrach. Bachrach died on July 8, 2024, at the age of 80.

Film credits

Bachrach was also credited with providing insurance for television shows such as ''

'', ''

Miss Universe Miss Universe is an annual international major beauty pageant that is run by a Thailand and Mexican-based Miss Universe Organization.Natalie Tadena (July 2, 2015"Donald Trump's Miss USA Pageant Lands on Reelz Cable Channel". ''The Wall Stree ...

'', '' Wanna Bet'', '' Singing Bee'', '' Lingo'' and '' First and Last''.

References

External links

Official Website

Shel Bachrach Profile on Yahoo! Movies
{{DEFAULTSORT:Bachrach, Shel 1944 births 2024 deaths American businesspeople in insurance American philanthropists Businesspeople from Detroit