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Arthur J. Gallagher & Co. (NYSE: AJG) is a leading global insurance brokerage and risk management services firm headquartered in Rolling Meadows, Illinois. With operations across approximately 130 countries, Gallagher provides retail and wholesale property and casualty brokerage, alternative risk transfer services, employee benefit consulting, and actuarial services. Additionally, they offer claims and information management, risk control consulting and appraisal services, human resource consulting, and retirement services.
Gallagher helps clients address risk, protect assets, and recover from losses, ensuring businesses and institutions continue running smoothly and individuals and families can rebuild their lives. The company’s primary revenue source is its brokerage segment, which negotiates and places its customers with insurance companies providing, among other types, property/casualty and health insurance. Gallagher’s brokerage revenue mainly comes from commissions paid by insurance companies.
Arthur J. Gallagher & Co. is recognized as a World's Most Ethical Company by the Ethisphere Institute. They generate most of their revenue in the United States, with significant contributions from Australia, Bermuda, Canada, the Caribbean, New Zealand, and the United Kingdom.
Recent achievements include several strategic acquisitions to expand their market capabilities and service offerings. In early 2024, Gallagher acquired FarmPLUS Insurance Services, John Galt Insurance Agency, Specialty Risk Management Services, and Private Client Insurance Services, enhancing their presence in the agricultural and real estate markets. Additionally, they renewed their global partnership with Special Olympics International, demonstrating their commitment to promoting inclusion and supporting athletes worldwide.
Gallagher's financial condition remains robust, as evidenced by their strong first-quarter performance in 2024. They reported substantial revenue growth and improved net earnings, driven by increased demand for insurance and reinsurance services and successful integration of recent acquisitions.
For the latest updates and news, investors can visit Gallagher's website or contact their Investor Relations and Communications teams.
Arthur J. Gallagher & Co. (NYSE:AJG) has announced the acquisition of Dawson & Keenan Insurance , a retail insurance brokerage based in Sault Ste. Marie, Ontario. The acquired company serves personal and commercial lines clients in Northern Ontario. Larry Day and his team will continue operations from their current location, reporting to Dave Partington, who leads Gallagher's Canadian retail property/casualty brokerage operations.
The acquisition aims to strengthen Gallagher's presence in the Canadian market, leveraging Dawson & Keenan's established regional reputation. Gallagher, headquartered in Rolling Meadows, Illinois, operates in approximately 130 countries, providing insurance brokerage, risk management, and consulting services globally.
Arthur J. Gallagher & Co. (NYSE:AJG) announces an investor meeting scheduled for December 17th, 2024, in New York City from 8:00 am to 12:00 pm ET. The meeting will feature presentations from company leaders on business operations and financial outlook, including a Q&A session with in-person attendees.
A live audio webcast will be available on the company's website, with replay access through December 24, 2024. Meeting materials will be posted at www.ajg.com/December17materials at 7:45 am ET on December 17th. The global insurance brokerage and risk management firm operates in approximately 130 countries through owned operations and correspondent networks.
Arthur J. Gallagher & Co. (NYSE:AJG) has acquired Hann Insurance Brokers Pty , located in Lambton, New South Wales. Hann Insurance Brokers specializes in property/casualty insurance services for commercial clients across Australia, with particular expertise in the transport sector. The acquisition team will join Gallagher's Newcastle office under Sarah Lyons, who heads retail property/casualty brokerage operations for Gallagher in Australia and Asia. The financial terms of the transaction were not disclosed.
Arthur J. Gallagher & Co. (NYSE:AJG) announced that its subsidiary, Gallagher Bassett, has acquired Caytons Law LLP's UK operations. Caytons, operating in London and Bristol, specializes in claims and legal management with a focus on commercial and professional liability insurance matters.
The Caytons team, led by John Cayton, Sam Moore, and Robin Cundall, will operate under Manan Sagar, head of Gallagher Bassett's UK operations. The acquisition aims to enhance Gallagher Bassett's capabilities in financial lines and professional liability claims management in the UK. Financial terms were not disclosed.
Arthur J. Gallagher & Co. (NYSE:AJG) has acquired Shepard Insurance Group, a retail insurance broker based in Old Greenwich, Connecticut. Shepard specializes in serving high-net-worth clients in the Northeast US and Florida. Steve Shepard, Kyle Shepard, and their team will continue operations from their current location under Brendan Gallagher's direction, who heads Gallagher's Northeast region retail property/casualty brokerage operations. The financial terms of the acquisition were not disclosed.
Arthur J. Gallagher & Co. (NYSE:AJG) has announced the acquisition of THB Chile, a Santiago-based retail insurance broker. THB Chile specializes in property/casualty, life and health benefits, and reinsurance services across Chile. The THB Chile team will operate under Lionel Soffia, who heads Gallagher's retail insurance and reinsurance brokerage operations in Chile and Latin America.
The acquisition represents a significant expansion of Gallagher's operations in Chile, bringing additional market expertise and a complementary business portfolio. Gallagher, headquartered in Rolling Meadows, Illinois, currently provides insurance brokerage, risk management, and consulting services in approximately 130 countries worldwide.
Arthur J. Gallagher & Co. (NYSE:AJG) has acquired Peabody Insurance Agency, a Fenton, Michigan-based retail insurance agency. Peabody Insurance specializes in serving commercial and personal lines clients in southeast Michigan, with focus areas in construction, manufacturing and multifamily real estate.
The Peabody team, including Jim Peabody and Grace Peabody-Ljoljic, will continue operations from their current location under Sean Gallagher's leadership, who heads Gallagher's Great Lakes region retail property/casualty brokerage operations. Financial terms were not disclosed.
Arthur J. Gallagher & Co. (NYSE:AJG) has acquired Scout Benefits Group , an Oklahoma City-based employee benefits consulting firm. Scout Benefits Group specializes in health plan strategies and serves clients primarily in Oklahoma. The financial terms were not disclosed. The acquisition team, led by Tiffany Davis and Todd Davis, will continue operations from their current location under Leah Vetter, who heads Gallagher's Central region employee benefits consulting operations. The acquisition aligns with Gallagher's strategy to enhance its benefits consulting capabilities.
Arthur J. Gallagher & Co. (NYSE:AJG) has acquired Statewide Commercial Insurance Brokers, an Altadena, California-based retail property/casualty insurance agency. The acquired company specializes in construction contractors for commercial clients across California and other U.S. states.
Led by Lana Matar, the team will maintain their current location under Scott Firestone's direction, who heads Gallagher's Southwest region retail property/casualty brokerage operations. The financial terms of the acquisition were not disclosed.
The acquisition strengthens Gallagher's retail brokerage capabilities in Southern California, adding specialized expertise to their existing operations which span approximately 130 countries through owned operations and correspondent networks.
Arthur J. Gallagher & Co. (NYSE:AJG) has announced the acquisition of Adept Benefits, a health and benefits consulting firm based in Snoqualmie, Washington. The acquired company serves clients in the greater Seattle area and will strengthen Gallagher's benefits consulting presence in the Pacific Northwest.
Under the agreement, Megan Narrance and her team will continue operating from their current location, reporting to Charlie Isaacs, who leads Gallagher's West region employee benefits consulting operations. The financial terms of the transaction were not disclosed.
Gallagher, headquartered in Rolling Meadows, Illinois, operates as a global insurance brokerage, risk management, and consulting services firm, with operations in approximately 130 countries worldwide.
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