Gallagher Insurance: Public Or Private?

Gallagher, or Arthur J. Gallagher & Co., is a global insurance brokerage and risk management services firm. It was founded in 1927 by Arthur James Gallagher in Chicago, Illinois, and has since grown to become one of the world's largest insurance brokers. With a presence in over 130 countries and a workforce of over 52,000 people, Gallagher provides a range of services, including insurance brokerage, consulting, and third-party claims settlement and administration. The company has a history of strong values, integrity, and ethical behaviour, which form the basis of its business culture, known as The Gallagher Way. In addition to its insurance offerings, Gallagher also provides risk management solutions, with a focus on innovation and tailoring services to meet the specific needs of its clients.

Gallagher's history and global presence

Gallagher, or Arthur J. Gallagher & Co., is an American global insurance brokerage and risk management services firm. The company was founded by Arthur James Gallagher in Chicago, Illinois, in 1927. It was initially a family-run agency, but it soon expanded in the 1930s as Gallagher pioneered the concept of risk management and hired new producers. After World War II, Gallagher's three sons joined the business, and the company continued to grow. By the 1970s, Gallagher had established an international presence, co-founding a Lloyd's broker in London and setting up an office in Bermuda.

Gallagher's global expansion continued in the following decades, with the company forming a domestic wholesale brokerage division and establishing a joint venture in Australia in the 1990s. By its 75th anniversary, Gallagher had reached $1 billion in revenues and was named one of Fortune's 1000 largest companies. The company continued to grow through acquisitions, completing almost 400 transactions between 2010 and 2018. In 2017, Gallagher celebrated its 90th anniversary and underwent a rebranding, shortening its name and updating its logo.

Today, Gallagher is one of the world's largest insurance brokers and risk managers, with a presence in over 130 countries and more than 52,000 employees worldwide. The company has a vast range of expertise across industries, offering insurance, risk management, and consulting services to businesses and individuals. Its retail brokerage operations have over 500 offices in North America, the United Kingdom, Australia, Bermuda, the Caribbean, and New Zealand. Gallagher's wholesale brokerage division has a presence in over 65 locations in the US, Australia, and Bermuda. The company has been consistently recognised for its ethical practices, being named one of the World's Most Ethical Companies for ten consecutive years by 2021.

Gallagher's services and subsidiaries

Arthur J. Gallagher & Co. is a global insurance brokerage, risk management, and consulting services company. It is the fourth-largest insurance broker/risk manager in the world based on revenues, and the largest property and casualty third-party claims administrator. Its subsidiaries provide insurance brokerage, consulting, and third-party claims settlement and administration services to entities around the world.

Gallagher's subsidiaries include:

• Arthur J. Gallagher Latin America, LLC
• Arthur J. Gallagher Brasil Corretora de Resseguros, S.A.
• Arthur J. Gallagher Service Company
• Arthur J. Gallagher & Co. (Illinois)
• Gallagher Mauritius Holdings
• Gallagher Offshore Support Services Private Limited
• Third Group Services, LLC
• Arthur J. Gallagher Brokerage & Risk Management Services, LLC
• Arthur J. Gallagher Risk Management Services, Inc.
• Arthur J. Gallagher & Co. Insurance Brokers of California, Inc.
• Charity First Insurance Services, Inc.
• Commonwealth Premium Finance Corporation
• Artex Risk Solutions, Inc.
• Western Litigation, Inc.
• Arthur J. Gallagher & Co. (Canada) Ltd.
• AJG North America ULC
• Arthur J. Gallagher (Canada) Group
• Gallagher Lambert Group I Inc
• Arthur J. Gallagher Group Quebec ULC
• Risk Placement Services, Inc.
• Edwin M. Rollins Company
• Continental Premium Finance Corporation
• Arthur J. Gallagher & Co. (Bermuda) Limited
• Arthur J. Gallagher Management (Bermuda) Limited
• Artex Risk Solutions, Inc. (Cayman) Limited
• Artex Intermediaries, Ltd.
• Artex Risk Solutions (Bermuda) Ltd.
• Protected Insurance Company
• Gallagher Holdings (UK) Limited
• Arthur J. Gallagher (UK) Limited
• Strand Underwriting Limited
• Risk Management Partners Ltd.
• Alesco Risk Management Services, Ltd.
• Arthur J. Gallagher Asia Pty. Limited
• Arthur J. Gallagher (Singapore) Pte. Ltd.
• Gallagher Holdings Two (UK) Limited
• OIM Underwriting Limited
• Risk & Reward Group (Holdings) Limited
• Risk & Reward Consulting Group
• Arthur J. Gallagher Australasia Holdings Pty Ltd.
• Australis Group (Underwriting ) Pty Ltd.
• Interpacific Underwriting Agencies Pty Ltd.
• Arthur J. Gallagher Reinsurance Australasia Pty Ltd.
• Arthur J. Gallagher (Aus) Pty Ltd.
• Gallagher Bassett Services, Inc.
• Gallagher Bassett of New York, Inc.
• Gallagher Bassett International Ltd. (UK)
• Gallagher Bassett Canada Inc.
• Gallagher Bassett Services Pty Ltd.
• Gallagher Bassett Services Workers Compensation Victoria Pty Ltd.
• Gallagher Bassett Services NZ Pty Ltd.
• AJG Financial Services, Inc.
• AJG Investments, Inc.
• Gallagher Clean Energy, LLC.
• Gallagher Holdings Bermuda Company Limited.
• MG Advanced Coal Technolgies-1 LLC
• Advanced Energy Systems LLC
• Gallagher Benefit Services, Inc.
• GBS Retirement Services, Inc.
• GBS Insurance and Financial Services, Inc.
• GBS Administrators, Inc.
• GBS Investment Consulting, LLC

Gallagher's services include:

• Insurance and risk management webinars
• Communication consulting
• Compensation consulting and total rewards programs
• Compliance consulting
• Healthcare reform toolkit
• Defined benefit pension plans
• Defined contribution retirement plan consulting
• Diversity, equity, and inclusion (DEI) consulting
• Employee benefits consulting
• Engagement solutions
• Executive compensation consulting
• Executive search
• Financial and retirement services
• Human resources and compensation consulting
• Human resources technology consulting
• Individual life and wealth consulting
• Institutional investment consulting and fiduciary services
• Life and annuity brokerage
• Multinational benefits and mobility
• People data and analytics
• Pharmacy benefit management consulting
• Physical and emotional wellbeing consulting
• Physician compensation and valuation
• Research and insights
• Voluntary benefits consulting
• Recognition and awards

Gallagher's acquisitions

Gallagher, a global insurance brokerage, risk management and consulting services firm, has been involved in numerous acquisitions to expand its business and enhance its service offerings. Between January 1, 2010, and December 31, 2018, Gallagher completed almost 400 acquisitions. By 2024, the company had completed 304 acquisitions, with an average acquisition amount of $1.1 billion. Its most active year was 2023, with 38 acquisitions.

• Cleary Benefits Group: Gallagher acquired this provider of financial services, founded in 1998 and located in Danbury, in July 2024.
• Cornerstone Insurance: One of two acquisitions announced in July 2024.
• NetClaim: Acquired from NAVEX in July 2024.
• Zayla Partners: Gallagher expanded with the acquisition of Texas-based Zayla in July 2024.
• OperationsInc: Norwalk-based HR firm acquired in June 2024.
• Wellington Associates, Inc.: Gallagher acquired this Mississippi-based full-service agency providing property/casualty and employee benefits coverage and services in October 2018.
• Risk International: Gallagher expanded with the acquisition of Risk International, with the acquired team reporting to Artex's North American operations.
• Lloyd's broker Gallagher, Hinton & Vereker Ltd: In the 1970s, Gallagher co-founded this company to establish an international presence in London.

Gallagher's ethics and awards

Gallagher, or Arthur J. Gallagher & Co., is a global leader in insurance, risk management, and consulting services. The company has a long history of operating with integrity, ethics, and purpose, which are the foundational elements of The Gallagher Way. Gallagher has been recognised by Ethisphere Institute as one of the World's Most Ethical Companies for 13 years in a row, the only insurance broker to make the list. This recognition underscores Gallagher's commitment to upholding the highest standards of conduct in the industry.

Gallagher's ethical approach to business is evident in its diverse range of services and commitment to its clients. The company's expert advisors take the time to understand their clients' businesses, operations, experiences, and future goals before crafting tailored solutions. This client-centric approach has earned Gallagher numerous awards and accolades over the years.

In addition to its ethical recognition, Gallagher has received numerous awards for its business practices, client service, and workplace culture. For instance, Gallagher was named one of the Best Places to Work for Disability Inclusion by the Disability:IN Disability Equality Index® in 2024. The company was also recognised as one of America's Greatest Workplaces for Women by Newsweek and received the Mental Health America's Bell Seal for Workplace Mental Health Certification at the Platinum level for two consecutive years.

Gallagher's commitment to diversity and inclusion is further highlighted by its recognition as a Best Place to Work for LGBTQ Equality by the Human Rights Campaign Corporate Equality Index in 2022 and 2021. The company has also been consistently named to the Fortune 500 list by Fortune Magazine, recognising its financial performance and impact in the business world.

Moreover, Gallagher has been recognised for its insurance brokerage and risk management expertise. Business Insurance named Gallagher the 4th largest Insurance Broker and Benefits Broker, while Arthur J. Gallagher UK received the 'Group Risk Adviser of the Year' award at the 2017 Corporate Adviser Awards. The company's presence in the insurance industry is well-established, with recognition from publications like Global Finance Magazine, Insurance Times, and Strategic Risk.

Gallagher's clients

Arthur J. Gallagher & Co. (AJG) is a global insurance brokerage and risk management services firm. Gallagher provides insurance, risk management, and consulting services to businesses, communities, and individuals worldwide. The company was founded in 1927 by Arthur James Gallagher in Chicago, Illinois, and has since expanded its reach to over 130 countries.

• Aerospace and aviation
• Art, jewellery, and specie
• Automotive
• Construction
• Energy
• Financial institutions
• Food and agriculture
• Healthcare
• Hospitality, leisure, and tourism
• Manufacturing
• Media and entertainment
• Real estate
• Technology and telecommunications
• Transportation

The company also serves individuals, offering personal insurance for motor, travel, marine, landlords, and golfing insurance.

Gallagher's risk management services help protect businesses and their people, improve their terms, and reduce their claims. The company creates tailored corporate insurance and risk management programs for its clients.

In addition to its insurance and risk management services, Gallagher also provides consulting services in areas such as human resources, benefits, compensation, retirement, and diversity, equity, and inclusion (DEI).

With a strong focus on client-centric solutions, Gallagher works closely with its clients to understand their unique needs and challenges, offering tailored advice and expertise to help them manage their risks and protect their assets.

Frequently asked questions