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Aon/Albert G. Ruben Celebrates 50 Years of Innovation in the Entertainment Industry

07/06/2010

LOS ANGELES, July 6, 2010 /PRNewswire via COMTEX/ --

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.

(Logo: http://photos.prnewswire.com/prnh/20041215/CGW049LOGO)

(Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO)

"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.

Visit http://www.aonagr.com to learn more about Aon/Albert G. Ruben's legacy of innovation.

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About Aon/Albert G. Ruben

Aon/Albert G. Ruben has played a leading role in Hollywood and around the globe for 50 years. Clients of Aon/Albert G. Ruben include major film studios, an impressive roster of the independent film community and the majority of American prime-time television shows. The division specializes in entertainment risk management, loss control services and claims advocacy. In addition to Aon/Albert G. Ruben's experienced team of entertainment insurance experts in Los Angeles, New York, Chicago, Toronto, Beijing and London, the division has colleagues located in 500 offices in more than 120 countries to place the most complex risks at the most competitive rates. Visit http://www.aonagr.comfor more information.

About Aon

Aon Corporation (NYSE: AON) is the leading global provider of risk management services, insurance and reinsurance brokerage, and human capital consulting. Through its more than 36,000 colleagues worldwide, Aon delivers distinctive client value via innovative and effective risk management and workforce productivity solutions. Aon's industry-leading global resources and technical expertise are delivered locally through more than 500 offices in more than 120 countries. Named the world's best broker by Euromoney magazine's 2008, 2009 and 2010 Insurance Survey, Aon also ranked highest on Business Insurance's listing of the world's largest insurance brokers based on commercial retail, wholesale, reinsurance and personal lines brokerage revenues in 2008 and 2009. A.M. Best deemed Aon the number one insurance broker based on brokerage revenues in 2007, 2008 and 2009, and Aon was voted best insurance intermediary, best reinsurance intermediary and best employee benefits consulting firm in 2007, 2008 and 2009 by the readers of Business Insurance. Visit http://www.aon.com for more information on Aon and http://www.aon.com/unitedin2010 to learn about Aon's global partnership and shirt sponsorship with Manchester United.

 Media Contacts Kelly Drinkwine Cybil Rose 312.381.2684 312.755.3537 kelly.drinkwine@aon.com cybil.rose@kemperlesnik.com 

SOURCE Aon Corporation

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