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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) announced the acquisition of CCI Surety, Inc., a managing general underwriter specializing in wholesale contract and commercial surety bonds. The acquisition is part of Gallagher's U.S. wholesale brokerage division, Risk Placement Services, Inc. (RPS). The terms of the transaction were not disclosed. CCI Surety, founded by Michael Williams and led by Jeremy Crawford, will continue to operate from Golden Valley, Minnesota under the direction of Matt Lynch. This strategic move aims to expand RPS's product offerings in the wholesale surety market.
J. Patrick Gallagher, Jr., Chairman and CEO of Gallagher, expressed his satisfaction with the acquisition, highlighting the alignment with the company's growth strategy. Gallagher operates in approximately 130 countries, offering insurance brokerage, risk management, and consulting services.
Arthur J. Gallagher & Co. has acquired Acumen Advisors, Inc., a Cedar Rapids-based employee benefits consultant, expanding their offerings in the Midwest region. The terms of the acquisition were not disclosed. The team at Acumen will continue operations under Gallagher's Midwest region employee benefits consulting head, Tom Lannen.
Arthur J. Gallagher & Co. announced the acquisition of Health Insurance Consultants Australia, a specialist health insurance consultancy and brokerage firm based in Melbourne, Victoria. The terms of the transaction were not disclosed. The acquisition will enhance Gallagher's benefits consulting capabilities in Australia. HICA's founder, Suzanne Still, and her team will continue to operate under Gallagher's direction. This move strengthens Gallagher's global presence and commitment to growth.
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