Arthur J. Gallagher & Co.
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| Type | Public (NYSE: AJG) |
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| Industry | Brokerage Insurance |
| Founded | 1927 Itasca, Illinois |
| Founder(s) | Arthur J. Gallagher |
| Headquarters | Itasca, Illinois, USA |
| Key people | J. Patrick Gallagher,Jr chair,pres,ceo Walter D.Bay vp, gc,sec James W.Durkin,Jr. corp.vp,benefit serv pres Douglas K.Howellcfo,vp James S.Gault vp,coo brokerage[1] |
| Products | Insurance Reinsurance Business Insurance |
| Revenue | $1.8 billion Ytd 3q10 8.6%[2] |
| Net income | $119.4 mil Ytd 3q10  [2] |
| Total assets | $2,460.7 mil sept'106.5%[2] |
| Employees | 12,000 (Nov'11) |
| Divisions | Gallagher Benefit Services Gallagher Bassett Services Brokerage Services Division |
| Website | Arthur J. Gallagher & Co. |
Arthur J. Gallagher & Co. (AJG) is a US-based global insurance brokerage and risk management services firm headquartered at the Gallagher Centre in Itasca, Illinois (a suburb of Chicago). AJG was established in 1927 and since then has grown to become one of the largest insurance brokers in the world with over 300 offices in 16 countries, more than 12,000 employees and revenues exceeding US $1.8 billion.
AJG stands by 25 shared values penned by their late Chairman, former President and CEO and son of the company's founder, Robert E. Gallagher, entitled "The Gallagher Way." AJG offers a summer intern program which has spanned more than 40 years and has expanded exponentially since its inception. In 2009, 134 college students from across the United States participated in the program. The company went public in 1984. Bob Gallagher died in August 2006 and was replaced as President and CEO by his nephew Patrick 2 months later.
In July 2011 Arthur J. Gallagher & Co. was ranked fourth in Business Insurance's world's largest brokers list.[3]
A history and the shared values of AJG were documented by Robert E. Gallagher and Alison Kittrell in a book called The Gallagher Way, published in 2005 by Marketing Counsel and iUniverse.
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[edit] History
Founded in 1927 by Arthur J. Gallagher in Illinois. Made an IPO 57 years later in 1984. One of its major acquisitions was made in February 2010 when it purchased Sao Paulo based Brazilian brokerage company Securitas Re, a reinsurance broker; Securitas Re was then renamed Gallagher Brazil.[4]
[edit] Branches
[edit] References
- ^ "Gallagher & Co Executive Management Team". http://www.ajg.com/portal/server.pt?open=512&objID=5125&&PageID=54544&mode=2&in_hi_userid=26148&cached=true. Retrieved 2011-01-16.
- ^ a b c "Arthur J. Gallagher & Co. 2010 Third Quarter Report". 2010-11-03. http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9NDAwODEzfENoaWxkSUQ9NDA3OTkyfFR5cGU9MQ==&t=1.
- ^ http://www.businessinsurance.com/cgi-bin/page.pl?pageId=627
- ^ "AJ Gallagher Buys Brazil Facultative Reinsurance Broker". 2010-02-17. http://www.insurancejournal.com/news/international/2010/02/17/107409.htm.
[edit] External links
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