Arthur J. Gallagher
Headquarters: Two Pierce Place
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.
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 sonsJohn, Jim and Robertenlisted 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.
- Medical, dental and vision coverage
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