Last $47.12 USD
Change Today -0.29 / -0.61%
Volume 223.3K
As of 10:55 AM 10/30/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

Two Pierce Place

Itasca, IL 60143

United States

Phone: 630-773-3800

Fax: 630-285-4000

Arthur J. Gallagher & Co. provides insurance brokerage and third-party claims settlement and administration services to entities in the United States (U.S.) and internationally. Segments The company’s segments include Brokerage and Risk Management. Brokerage This segment consists of retail and wholesale insurance brokerage operations. The company’s retail brokerage operations negotiate and place property/casualty, employer-provided health and welfare insurance, and healthcare exchange and retirement solutions principally for middle-market commercial, industrial, public entity, religious and not-for-profit entities. Many of its retail brokerage customers choose to place their insurance with insurance underwriters, while others choose to use alternative vehicles, such as self-insurance pools, risk retention groups or captive insurance companies. The company’s wholesale brokerage operations assist its brokers and other unaffiliated brokers and agents in the placement of specialized, insurance programs The company’s primary sources of compensation for its retail brokerage services are commissions paid by insurance carriers, which are usually based upon either a percentage of the premium paid by insureds or brokerage and advisory fees paid directly by its clients. For wholesale brokerage services, the company generally receives a share of the commission paid to the retail broker by the insurer. The company operates its brokerage operations through a network of approximately 400 sales and service offices located throughout the U.S. and in 22 other countries. Most of these offices are fully staffed with sales and service personnel. In addition, it offers client-service capabilities in approximately 140 countries around the world through a network of correspondent brokers and consultants. Retail Insurance Brokerage Operations The company’s retail brokerage operations place majority of commercial property/casualty and health and welfare insurance coverage. The lines of insurance coverage and consultant capabilities include 401(k) solutions; 403(b) solutions; aviation; casualty; commercial auto; dental; directors and officers liability; disability; earthquake; errors & omissions; fire; general liability; life; marine; medical; products liability; professional liability; property; wind; and workers compensation. The company’s retail brokerage operations are organized in approximately 440 geographical profit centers primarily located in the U.S., Australia, Canada, the Caribbean and the U.K. and operate within certain key niche/practice groups. Significant niche/practice groups the company serves include agribusiness; automotive; aviation and aerospace; construction; energy; entertainment; environmental; executive benefits; global risks; health and welfare; healthcare; healthcare analytics; higher eation; hospitality; human resources; international benefits; life science; marine; manufacturing; personal; private equity; professional groups; public entity; real estate; religious/not-for-profit; restaurant; retirement; scholastic; technology/telecom; transportation; and voluntary benefits. Wholesale Insurance Brokerage Operations The company’s wholesale brokers assist its retail brokers and other non-affiliated brokers in the placement of insurance. These brokers operate through approximately 65 geographical profit centers located across the U.S., Bermuda, and through its approved Lloyd’s of London brokerage operation. The company acts as a brokerage wholesaler and managing general agent or managing general underwriter distributing specialized insurance coverages for insurance carriers. It performs its activities on behalf of the insurer might include marketing, underwriting (although it does not assume any underwriting risk), issuing policies, collecting premiums, appointing and supervising other agents, paying claims, and negotiating reinsurance. Risk Management This segment provides contract claim settlement and administration services for enterprises that choose to self-insure some or all of their property/casualty coverages and for insurance companies that choose to outsource some or all of t

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