Arthur J. Gallagher & Co. is one of the largest insurance brokerage and risk-management services firms. It provides a range of retail and wholesale property/casualty brokerage and alternative-risk-transfer services. It also provides employee-benefit brokerage, consulting and actuarial services, claims and information management, risk-control consulting and appraisal services. The company is based outside Chicago in Itasca, Ill.
The company acquired 37 insurance brokerages in 2008 and acquired PartnerSource Inc., Fidelity Benefits & Insurance Services, Sellers Group LLC and Nourse Insurance Brokers Inc. in 2009. These acquisitions are expected to be a source of growth for the company.
Arthur Gallagher founded the company in 1927, and a Gallagher still runs it. Grandson J. Patrick Gallagher Jr. is chairman and chief executive. He began at the firm as a production account executive in 1974.