Sheldon Jay Bachrach (born April 7, 1944, in

Detroit Detroit ( , ; , ) is the largest city in the U.S. state of Michigan. It is also the largest U.S. city on the United States–Canada border, and the seat of government of Wayne County. The City of Detroit had a population of 639,111 at ...

Michigan Michigan () is a U.S. state, state in the Great Lakes region, Great Lakes region of the Upper Midwest, upper Midwestern United States. With a population of nearly 10.12 million and an area of nearly , Michigan is the List of U.S. states and ...

), or Shel Bachrach for short, is an American insurance broker, investor, businessman, and philanthropist. He is regarded as one of the world's greatest entertainment insurance brokers. Bachrach has held positions as President of Entertainment and High Net Worth divisions for USI (acquired by Goldman Sachs), 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 is currently 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 has received mo ...

Van Halen Van Halen ( ) was an American rock band formed in Pasadena, California, in 1972. Credited with "restoring hard rock to the forefront of the music scene", Van Halen was known for its energetic live shows and for the virtuosity of its lead gu ...

, and

Kiss A kiss is the touch or pressing of one's lips against another person or an object. Cultural connotations of kissing vary widely. Depending on the culture and context, a kiss can express sentiments of love, passion, romance, sexual attraction, ...

. Early in his career, Bachrach was able to write insurance policies for previously uninsurable positions. Shel Bachrach has 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 carbonated soft drink manufactured by the Coca-Cola Company. Originally marketed as a temperance drink and intended as a patent medicine, it was invented in the late 19th century by John Stith Pemberton in Atla ...

McDonald's McDonald's Corporation is an American multinational fast food Fast food is a type of mass-produced food designed for commercial resale, with a strong priority placed on speed of service. It is a commercial term, limited to food sold ...

, Ford Motors,

Philip Morris Phil(l)ip or Phil Morris may refer to: Companies *Altria, a conglomerate company previously known as Philip Morris Companies Inc., named after the tobacconist **Philip Morris USA, a tobacco company wholly owned by Altria Group **Philip Morris Inter ...

, and

Toyota is a Japanese multinational automotive manufacturer headquartered in Toyota City, Aichi, Japan. It was founded by Kiichiro Toyoda and incorporated on . Toyota is one of the largest automobile manufacturers in the world, producing about 10 ...

; * Drug-related filming delays for stars such as

Courtney Love Courtney Michelle Love ( née Harrison; born July 9, 1964) is an American singer, guitarist, songwriter, and actress. A figure in the alternative and grunge scenes of the 1990s, her career has spanned four decades. She rose to prominence a ...

in '' The People vs. Larry Flynt'' * Actors who pilot aircraft, such as

Harrison Ford Harrison Ford (born July 13, 1942) is an American actor. His films have grossed more than $5.4billion in North America and more than $9.3billion worldwide, making him the seventh-highest-grossing actor in North America. He is the recipient o ...

in the blockbuster ''

Air Force One Air Force One is the official air traffic control designated call sign for a United States Air Force aircraft carrying the president of the United States. In common parlance, the term is used to denote U.S. Air Force aircraft modified and used ...

'' * Aging key persons, such as acclaimed director

Sir David Lean Sir David Lean (25 March 190816 April 1991) was an English film director, producer, screenwriter and editor. Widely considered one of the most important figures in British cinema, Lean directed the large-scale epics ''The Bridge on the River ...

, 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, actor and visual artist. He wrote the screenplays for most of the 37 feature films he directed, many of which are today considered ...

; * Pregnant actresses during filming for actresses like

Bette Midler Bette Midler (;''Inside the Actors Studio'', 2004 born December 1, 1945) is an American singer, actress, comedian and author. Throughout her career, which spans over five decades, Midler has received numerous accolades, including four Golden Gl ...

; * 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 a television game show franchise created by Bob Stewart, originally produced by Mark Goodson and Bill Todman; currently it is produced and owned by Fremantle. The franchise centers on television game shows, but also i ...

''. Bachrach has appeared as an expert witness in

Los Angeles County Los Angeles County, officially the County of Los Angeles, and sometimes abbreviated as L.A. County, is the most populous county in the United States and in the U.S. state of California, with 9,861,224 residents estimated as of 2022. It is th ...

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

Shel Bachrach is 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 o ...

, major contributor to

Cedars-Sinai Cedars-Sinai Medical Center is a nonprofit, tertiary, 886-bed teaching hospital and multi-specialty academic health science center located in Los Angeles, California. Part of the Cedars-Sinai Health System, the hospital employs a staff of over 2, ...

, 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 Assistance League is a national nonprofit organization in the United States with over 120 chapters dedicated to providing accessibility and fulfillment of community needs at the local level. Each chapter focuses on helping their community with phil ...

for over ten years, UNICEF, and a supporter of the Circle of Angels.

Personal life

Shel Bachrach is married to Kathleen Wright Bachrach with four children and currently resides 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.

Film credits

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

'', ''

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

'', '' Wanna Bet'', '' Singing Bee'', ''

Lingo Lingo, a contraction of language, often refers to jargon, but in a less formal or technical sense. Lingo may also refer to: Technology * Lingo (programming language), one of several unrelated programming languages * Lingo (VoIP Service operato ...

'' and '' First and Last''.

References

External links

Official Website

Shel Bachrach Profile on Yahoo! Movies
{{DEFAULTSORT:Bachrach, Shel Living people 1944 births American businesspeople in insurance American philanthropists