AJG - Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co., known simply as Gallagher, is a leading global provider of insurance and risk management services. Founded in 1927, the company offers a diverse range of services including insurance brokerage, reinsurance brokerage, consulting, and third-party claims administration. Gallagher operates through three main segments: Brokerage, which constitutes the majority of their revenue (86% in 2023), focuses on both domestic and international insurance placement services; and Risk Management, accounting for 14% of revenues, specializes in claims settlement and risk management solutions tailored primarily for commercial and public sector entities. The company's operations span over 130 countries, capitalizing on a strong global presence and expertise in niche markets.

Gallagher's business model is characterized by its non-underwriting brokerage approach, relying on partnerships with underwriting enterprises to provide clients with tailored insurance solutions without assuming underwriting risk directly. The company has grown significantly since its inception and continues to enhance its capabilities through strategic acquisitions and developing specialized practice groups tailored to various industries, which leverage its extensive data analytics and cutting-edge technology to optimize client solutions. As a result, Gallagher has established itself as one of the world’s largest insurance brokers, known for delivering value-added services within the highly competitive insurance landscape.