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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. has acquired Five Points Benefits Solutions, enhancing its public sector benefit offerings. Founded in 2011, Five Points is a leading provider of ancillary benefits in Tennessee, Georgia, and Kentucky. The transaction's terms were not disclosed. CEO Patrick Gallagher emphasized Five Points' growth potential and strong leadership. This acquisition aims to expand Gallagher's capabilities in employee benefits consulting, particularly in the Heartland region, strengthening its market presence.
Arthur J. Gallagher & Co. announced the acquisition of Bradawn Insurance Services, a California-based health and welfare consulting firm, expanding its capabilities in Southern California. Founded in 1983, Bradawn specializes in serving large employers across various sectors. The transaction details remain undisclosed, but the integration aims to enhance Gallagher's service offerings in health and welfare consulting. Dawna Gray and her team will continue operations under Gallagher's leadership, reinforcing its commitment to delivering comprehensive benefits solutions to clients.
Arthur J. Gallagher & Co. announced the acquisition of Tave Risk Management, a Chicago-based retail property/casualty broker. Founded in 2000, Tave offers risk management services to various industries. Ruth Tave and her team will continue operating under Gallagher's Midwest branch. Chairman Patrick Gallagher emphasized Tave's expertise in complex risk management. Gallagher, a global insurance brokerage firm, operates in 68 countries and offers services in over 150 global locations.
Arthur J. Gallagher & Co. has acquired Richied & Associates, Inc., a property/casualty insurance agency based in Reno, Nevada. Founded in 1999, Richied & Associates serves small- to mid-market commercial clients. The acquisition aims to enhance Gallagher's retail capabilities in Nevada and create cross-selling opportunities. The agency will continue operating under its current management team, led by Scott Firestone. Gallagher, listed on the NYSE under the symbol AJG, operates in 68 countries, providing insurance brokerage and risk management services globally.
Arthur J. Gallagher & Co. has acquired The Robbi Davis Agency, Inc. (RDA) located in Little Rock, Arkansas. RDA, established in 1996, specializes in employee benefits and health insurance for small businesses. The transaction details were not disclosed, but the agency's founder, Robbi Davis, will continue leading her team under Gallagher's Heartland region. This acquisition is positioned to strengthen Gallagher's market presence and enhance its employee benefits consulting services.
Arthur J. Gallagher & Co. (NYSE: AJG) announced the completion of its 30% minority investment in ACE, a specialist insurance broker in the MENA region. This strategic investment aims to enhance Gallagher's presence in the insurance market across the Middle East and North Africa.
With operations in 68 countries and capabilities in over 150, Gallagher seeks to leverage ACE's expertise to strengthen its global service offerings.
Arthur J. Gallagher announced the acquisition of Sound Insurance Services, a broker based in Caulfield, Victoria, established in 2011. Although financial details were not disclosed, this acquisition aims to enhance Gallagher's capabilities in the Melbourne market, especially among small and mid-market clients. The existing leadership team at Sound Insurance will remain in place, overseeing operations under Gallagher's direction. Gallagher continues to expand its global footprint, operating in 68 countries with client services offered in over 150 countries.
Arthur J. Gallagher & Co. has successfully completed the acquisition of nearly all treaty reinsurance brokerage operations from Willis Towers Watson plc. This strategic move combines Gallagher's existing reinsurance services, now branded as Gallagher Re, across over 70 offices in 31 countries, employing approximately 2,400 staff. The integration enhances Gallagher's analytics capabilities, offering significant value to insurance carriers globally. James Kent will lead Gallagher Re, reporting to Tom Gallagher. Chairman Patrick Gallagher expressed confidence in the benefits this merger brings to clients, teams, and shareholders.
Arthur J. Gallagher & Co. (NYSE: AJG) will conduct its quarterly management meeting on December 14, 2021, from 8:00 a.m. to 10:30 a.m. CT, via conference call. The meeting aims to provide insights into the company's business operations and financial outlook, followed by a Q&A session with investors. It will be streamed live on Gallagher's website, with a replay available until December 21, 2021. Relevant materials will be accessible on December 14 at 7:30 a.m. CT.
Arthur J. Gallagher & Co. announced the acquisition of Real Estate Insurance Solutions based in Park City, Utah. Established in 2004, the firm specializes in real estate errors & omissions insurance and cyber liability, serving agents and brokers across 32 states. Chris Nangle and his team will continue operations under Kevin Garvin. The acquisition aims to bolster Gallagher's real estate practice by integrating specialized expertise. The financial terms of the deal remain undisclosed, but this move may enhance Gallagher's service offerings in the real estate sector.
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