Insurance Brokers Industry | Financial Services Sector | Mr. J. Patrick Gallagher Jr. CEO | XDUS Exchange | US3635761097 ISIN |
United States Country | 50,669 Employees | 20 Sep 2024 Last Dividend | 19 Jan 2001 Last Split | 7 Sep 1984 IPO Date |
Arthur J. Gallagher & Co. is a global leader in insurance and reinsurance brokerage, consulting, and claims management services. Founded in 1927 and headquartered in Rolling Meadows, Illinois, the company serves a wide range of clients including commercial, industrial, public, religious, and nonprofit entities, as well as underwriting enterprises. Operating through its Brokerage and Risk Management segments, Arthur J. Gallagher & Co. leverages a vast network of correspondent brokers and consultants to deliver specialized and comprehensive risk management solutions to entities and individuals around the world.
Arthur J. Gallagher & Co. assists clients in sourcing retail and wholesale insurance and reinsurance solutions. This encompasses aiding retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance. The company acts as a brokerage wholesaler, a managing general agent, and a managing general underwriter, thereby facilitating the distribution of specialized insurance coverages to various underwriting enterprises.
The company performs a range of activities including marketing, underwriting, policy issuance, premium collection, agent appointment and supervision, claims payment, and reinsurance negotiation. These services are designed to streamline the procurement of specialized insurance solutions for clients, ensuring comprehensive coverage and risk management.
Within its Brokerage segment, Arthur J. Gallagher & Co. offers services aimed at managing the risk of loss and administering employer-sponsored benefit programs. This includes strategic advice on insurance and reinsurance placements, which is critical for clients looking to minimize their exposure to risks and manage their insurance costs effectively.
The Risk Management segment of Arthur J. Gallagher & Co. offers contract claim settlement and administration services. These services are crucial for clients requiring professional and efficient handling of claims, ranging from initial evaluation to final resolution.
Also under its Risk Management segment, the company provides comprehensive claims management, loss control consulting, and insurance property appraisal services. These offerings are tailored to help clients control losses and manage claims efficiently, therefore mitigating the impact of those claims on their operations.