Arthur J. Gallagher and Co. is a globally recognized US-based risk management and insurance brokerage services firm. It has its headquarters based in Rolling Meadows, Illinois. This firm got built-in 1927. It is considered amongst the largest insurance brokers throughout the world.
Inception
The company got established in 1927 when Arthur James Gallagher began his brokerage company in Itasca, Illinois, U.S. His three sons as John, Robert, and James, entered into the business. In 1950, when the firm made a revenue collection of $175,000, it got incorporated.
Evolution
Arthur J. Gallagher founded the company. J. Patrick Gallagher, Jr. is the Chairman and President of the company. Douglas K. Howell is the Vice President & CFO of the company. The firm is into offering Insurance and Reinsurance products to its customers. The employees at this firm aim at creating and following an influential culture based on collaboration, professional excellence, and strong values. Ethisphere Institute honors Arthur J. Gallagher & Co. as one of the Most Ethical Companies of the world for the seventh continuous year.
With more than thirty-five offices spread throughout Canada, the firm offers services in more than 150 nations. It has a network of over 750 offices throughout the globe and generates a revenue of more than 6 Billion US dollars every year.
Arthur J. Gallagher India Limited got incorporated in the year 2002. Its Indian service centers are located in Mumbai, Bengaluru, Shivamogga, Kolhapur, and Pune.
Gallagher is a world-class leader in personal and business insurance. It is a noteworthy business in the area of insurance and risk management service throughout the world. The company has been seen to bring economies of stability and scale of more than ninety years of excellence to the business. Despite facing intense competition in the competitive domestic market, the firm still managed to record two-digit growth in its entire period of service.
Gallagher bought sixteen smaller brokerages in 2000. The company has expanded its worldwide presence to include near around fifty American cities. Alison Kittrell documents the rich history and ethics of this company, and Robert E. Gallagher in their book “The Gallagher Way.” This book got published in the year 2005 by iUniverse and Marketing Counsel.
Gallagher is into global insurance, consulting services, and risk management company. In 2015, this firm got ranked at 3rd position in the list of world’s largest brokers. In 2016, Gallagher had become a part of the Fortune 500 companies for the first time. It is presently positioned at the 462nd position on the list.
In 2011, Arthur J. Gallagher and Co. assimilated Singapore-based ITI Solutions Pte Ltd. ITI is a specialized insurance firm that has proficiency in various areas that include political risk, marine cargo, specialty lines, and trade credit risk. With this merger, ITI got rebranded as “Gallagher Singapore.”
In 2018, Gallagher became the new sponsor of the top flight of rugby union league system of England as “Premiership Rugby.”
In 2014, Gallagher acquired and rebranded OAMPS Insurance Brokers as a way to widen their brand business.
In 2014, Gallagher bought a nationwide insurance brokerage of New Zealand as Crombie Lockwood.
In 2015, Gallagher acquired Cohen & Lord Insurance Brokers Ltd based in Ottawa.
In 2015, the company acquired Christie Phoenix Ltd. and its associate “Discovery Insurance Services Ltd” situated in Victoria B.C. The firm “Christie Phoenix” is a specialized retail insurance dealer that has been offering services for more than forty years. The firm excels in providing personal insurance service and commercial property to individual clients and middle-market spread throughout British Columbia.
In 2016, Gallagher & Co. made its way into the Canadian market by rebranding the “Noraxis group of insurance dealers” as “Arthur J. Gallagher Canada Ltd.”
Awards & Achievements
Gallagher has been known for its strong culture based on ethics, and values, professional excellence, and collaboration. Ethisphere Institute identifies Arthur J. Gallagher & Co. amongst the Most Ethical Companies In The World for seven consecutive years.
Net Worth of Gallagher in 2024
Gallagher is one of the most reputed insurance and risk management service provider all over the world. The firm has been there in the market for around nine decades. By using insight and intelligence to safeguard people and businesses, Gallagher has earned a huge customer base and reputation in the market. As of April 2024, the projected net worth of this firm is expected to be around $6.5 billion.
Gallagher is a worldwide provider of risk management, insurance, and consulting services. It has been consistently offering service excellence and innovation to its customers across 150 nations. The company has developed lifelong associations with several esteemed clients with their world analytics, and class data. This helps them to offer a secure and promising future to its global clients.