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Arthur J. Gallagher

Insurance brokerage and risk management firm.


Headquarters: Two Pierce Place
Itasca, IL 60143
Employees: 13,707
CEO: J. Patrick Gallagher
Stock Symbol: AJG

Website: http://www.ajg.com

Career Page

Arthur J. Gallagher & Co., one of the world's largest insurance brokerage and risk management services firms, provides a full range of retail and wholesale property/casualty (P/C) brokerage and alternative risk transfer services globally, as well as employee benefit brokerage, consulting and actuarial services. Gallagher also offers claims and information management, risk control consulting and appraisal services to clients around the world.

Gallagher has operations in 24 countries and, through the Gallagher Global Alliance and its international operations, Gallagher offers client-service capabilities in more than 140 countries around the world. Some of the company's offices are fully staffed with sales, marketing, claims, loss control and other specialists; some function as servicing offices for the various divisions.

In 2012, the company reported revenues of $2.52 billion and net income of $195.0 million.

The company acquired nine smaller insurance brokers in the fourth quarter of 2013.

History

Arthur Gallagher founded the company in Chicago on October 1, 1927. Already a successful insurance agent when he decided to build a business of his own, Art focused on commercial insurance and also pioneered the concept of risk management. Art knew that by understanding his customers and helping them save money by identifying and reducing their risks, he would build strong relationships.

In the early 1940s, the U.S. entered World War II and all three of Art Gallagher’s sons–John, Jim and Robert–enlisted in the Navy. At the war’s end, his sons all joined the company. At that point Art decided to incorporate Arthur J. Gallagher & Co. Each son received 20 percent of the company, while Art retained 40 percent.

The company went public on the NY Stock Exchange in 1987.

Benefits

- Medical, dental and vision coverage
- Short- and Long-term disability
- Flexible spending account
- Educational assistance
- Life insurance, discounted home and auto insurance
- Commuter benefits
- 401(k) plan, company matches up to 5% of contributions
- Paid vacation from 2-4 weeks per year
- Paid holidays
- Employee stock purchase plan
- Education assistance
- Charitable gifts program
- Transit passes and parking reimbursement

Updated December 25, 2013

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