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美股..保險(insurance broker)..Arthur J. Gallagher & Co. (美股 AJG )
美股..保險(insurance broker)..Arthur J. Gallagher & Co. (美股 AJG )
https://www.ajg.com
https://en.wikipedia.org/wiki/Arthur_J._Gallagher_%26_Co.
Arthur J. Gallagher & Co. (AJG) is a US-based global insurance brokerage and risk management services firm headquartered at in Rolling Meadows, Illinois (a suburb of Chicago).
The firm was established in 1927 and is the third largest insurance broker in the world.[3]
Contents
History
The company dates back to 1927 when Arthur James Gallagher started a brokerage firm in Illinois. The end of World War II brought his three sons, John, James, and Robert, into the business. The company incorporated in 1950 when revenues were $175,000. In 1957, the firm won Beatrice Foods Company as a client.
Despite the stiff competition in a crowded domestic market that put steady downward pressure on property and casualty premiums during the 1990s and dating back to the late 1980s, the firm was still able to record double-digit growth in all but three years from 1990 through 2000, according to Investor's Business Daily.
Gallagher's purchased 16 smaller brokerages during 2000. The firm had grown its presence to include about 50 U.S. cities.
A history and the values of the firm were documented by Robert E. Gallagher and Alison Kittrell in a book called The Gallagher Way, published in 2005 by Marketing Counsel and iUniverse.
In 2010 Gallagher Brazil was established following the company's takeover of Securitas Re of São Paulo from Estater Gestao de Investimentos Ltda.[4]
In July 2015 the firm was ranked third in the Best's Review world's largest brokers list.[3]
In June 2016, it was announced that Gallagher had joined the Fortune 500 for the first time.[5] Gallagher currently ranks 462 on the list.[6]
International business
During the first second quarter and the first half of the year, the company improved their profitability margin and posted growth in revenue and in earnings per share. The second quarter of 2016 saw Arthur J. Gallagher & Co. (NYSE: AJG) post an overall organic growth of 3.6% with $939 million in revenue in reported GAAP.[7] Domestically in the United States, the company saw about 3% organic growth.
Asia
Arthur J. Gallagher Asia Limited was incorporated in 2002.
Singapore
Arthur J. Gallagher & Co. acquired Singapore-based ITI Solutions Pte Ltd. in 2011.[8] ITI is a specialist insurance broker with expertise in marine cargo, political risk, trade credit risk, and specialty lines. ITI was rebranded as Gallagher Singapore.
Singapore branches: Singapore
Europe
In July 2016, Arthur J. Gallagher acquired an 85% stake in Swedish specialist insurance and reinsurance broker Brim AB.[9] At the time of acquisition, the Scandinavian brokerage posted revenues of $11.4 million and employed under 30 people. Scandinavia is an area of strategic development for Arthur J. Gallagher and this deal bolstered their purchase of Norwegian specialty insurance broker Bergvall Marine AS in December 2013.
United KingdomBetween 2010 and 2012 British operations have grown in importance.
In 2012 the UK was the source of 14% of company revenue - $352.3m up 137% versus 2010.
The United States contributes 80% of revenue - $2,006.1m up 24%. The other 6% came from Australia, Bermuda and Canada ($161.9m up 59%).
Scotland branches:
Aberdeen, Ayr, Dumfries, Dundee, Edinburgh, Fort William, Glasgow, Inverness, Kilwinning, Irvine, Newton Stewart and Stirling.
England branches:
Barnstaple, Birmingham, Bordon, Bournemouth, Brierly Hill, Bristol, Brixham, Chelmsford, Chester, Chichester, Coventry, Croydon, Exeter, Feering, Gloucester, Godalming, Guildford, High Wycombe, Horsham, Ipswich, Leeds, Leicester, Liss, Liverpool, Northampton, Norwich, Nottingham, Orpington, Portsmouth, Rickmansworth, Sevenoaks, Sheffield, Southampton, St. Austell, Swindon, Talbot Green, Wakefield and Wigan
Channel Islands branches: Alderney
Northern Ireland branches: Belfast
Wales branches: Cardiff, Llantrisant, Newport, Tonyrefail and Wrexham
Other branches: Alderney (Channel Islands), St. Sampson (Guernsey), Isle of Man, Isle of Skye and in Jersey
Oceania
AustraliaIn 2014, Arthur J. Gallagher expanded their brand proposition in Australia with the acquisition and rebranding of OAMPS Insurance Brokers.[10]
Australia branches:
Adelaide, Alice Springs, Bacchus Marsh, Ballarat, Beenleigh, Bexley, Brisbane, Cairns, Canberra, Darwin, Dubbo, Hobart, Horsham, Katherine, Launceston, Newcastle, Sydney, Perth, Shepparton, Toowoomba, Townsville, Wagga Wagga, Wangaratta, Warragul, and Wollongong.
New ZealandIn 2014, Arthur J. Gallagher purchased New Zealand nationwide insurance brokerage, Crombie Lockwood,
New Zealand branches:
Auckland, Bleinheim, Christchurch, Dunedin, Greymouth, Hamilton, Invercargill, Kaitaia, Kapiti, Kerikeri, Napier, Nelson, New Plymouth, Palmerston North, Queenstown, Takapuna, Tauranga, Wanganui, Wellington, and Whangarei.
North AmericaCanada
In February 2015, Arthur J. Gallagher & Co. acquired Ottawa-based Cohen & Lord Insurance Brokers Ltd. The terms of the transaction were not disclosed.
In November 2015, the firm acquired Christie Phoenix Ltd.[11] and their affiliate Discovery Insurance Services Ltd., both located in Victoria B.C. Christie Phoenix is a retail insurance broker founded more than 40 years ago and specializes in providing commercial property and personal lines of insurance service to middle-market and individual clients across British Columbia.
In June 2016, Arthur J. Gallagher & Co. reached a milestone in the Canadian market by rebranding Noraxis group of insurance brokers to Arthur J. Gallagher Canada Limited.[12]
Canada branches:
Calgary, Edmonton, Halifax, London, Markham, New Glasgow, Ottawa, Toronto, and Winnipeg.
United StatesIn August 2017, the firm announced the acquisition of employee benefits insurance agency Ballard Benefit Works, Inc., based in Howell, Michigan.[13]
Caribbean
Caribbean branches:
Bermuda, Barbados, Grenada, Jamaica, St. Lucia, St. Vincent and the Grenadines, as well as St. Kitts and Nevis.
South AmericaChile
Chile branches: Santiago and Viña del Mar.
Colombia
Colombia branches: Bogotá, Cartagena, Barranquilla
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https://www.ajg.com/s/mergers-acquisitions/
Who is Gallagher?
Arthur J. Gallagher & Co. is one of the world’s largest full-service insurance brokers, and the largest third-party P&C claims administrator.
We have sales and service operations in 33 countries and, through our Gallagher Global Alliance network of independent insurance brokers and consultants, offer client-service capabilities in more than 150 countries.
We’ve grown rapidly since Arthur Gallagher opened his family-run agency in Chicago in 1927. Yet, despite our size, we’re proud to maintain our collegial feel, with a strong culture of teamwork, mutual respect and an unwavering commitment to ethics.
Gallagher negotiates and places nearly all lines of property and casualty insurance, employer-provided health and welfare insurance and retirement solutions for clients of all sizes.
Retail brokerage operations
Our retail brokerage operations consist of more than 500 offices located primarily throughout North America, the United Kingdom, Australia, Bermuda, the Caribbean and New Zealand. We operate within key niche practice areas, which account for approximately 70% of our retail brokerage revenues. These specialized teams target areas of business and industries where we have developed significant expertise and a large client base. We also develop and manage alternative risk programs, such as captives, rent-a-captives and deductible plans/self-insurance.
>Mergers & Acquisitions Overview
Wholesale brokerage operations
Our wholesale brokerage operations help retail brokers and agents place specialized and hard-to-find insurance programs. We operate wholesale offices in more than 65 locations, primarily in the United States, Australia and Bermuda, along with an approved Lloyd’s of London broker. In some cases, we act as a brokerage wholesaler; in others we act as a managing general agent or managing general underwriter. Business Insurance ranks our wholesale brokerage operation as the largest domestic MGA/underwriting manager in the U.S. More than 80% of our wholesale brokerage revenues come from retail brokers and agents unaffiliated with Gallagher.
Third-party claims administration
Our Gallagher Bassett Services, Inc. subsidiary provides contract claims settlement and administration services for self-insured entities and insurance companies that Business Insurance ranks Gallagher Bassett as the world’s largest third-party P&C claims administrator. We also offer managed care, information management and appraisal services, as well as consulting services and training programs that help clients reduce losses, combat claims fraud and maintain regulatory compliance. We provide these services at more than 110 offices located throughout Australia, Canada, New Zealand, the United Kingdom and the United States. More than 90% of Gallagher Bassett’s revenues come from clients that do not use us as their retail or wholesale insurance broker.
https://www.ajg.com/about-us/
It’s The Gallagher Way.
The Gallagher Way is more than just placing coverage and selecting a plan. It is the code by which we live. Providing you with insurance, risk management and consulting to go beyond your business goals.
Every day, our clients face massive challenges across a range of issues. Gallagher's advisors understand your business and how hard you work to deliver on your promises.
We're your global partner in achieving your goals. And that only begins to describe the shared values, corporate culture and passion for excellence that define The Gallagher Way of doing business.
Arthur J. Gallagher & Co. - the only insurance broker on the Ethisphere Institute's list of the World's Most Ethical Companies.
https://www.ajg.com/about-us/corporate-history/
Our History
The story of Arthur J. Gallagher & Co. is more than 90 years in the making, comparable to few and as unique in strengths as it is rich in history. Founded on the cornerstones of integrity, innovation, teamwork and empathy, Gallagher has built its legacy one success at a time. Today, our employees adhere to these same values, weaving them into their daily work.
1920s - The Beginning
Arthur Gallagher founded Arthur J. Gallagher & Co. in Chicago on October 1, 1927. Already a successful insurance agent when he decided to build a business of his own, Art focused on commercial insurance and also pioneered the concept of risk management. Art knew that by understanding his customers and helping them save money by identifying and reducing their risks, he would build strong relationships.
1930s - Success through Persistence
The agency continued to expand and Arthur hired two new producers. It also continued to focus on loss control. In the late ‘30s, Gallagher helped create The Hartford Group’s ground-breaking Retrospective Rating Program, which rewarded customers who minimized their losses. Gallagher also wrote Chicago’s first large-deductible fire policy for Bowman Dairy Co. Both concepts were considered radical ideas in that era, and Gallagher was at the forefront.
1940s - The Next Generation
In the early 1940s, the U.S. entered World War II. All three of Art Gallagher’s sons–John, James and Robert–enlisted in the Navy. At the war’s end, his sons all joined the company, setting the stage for the next generation of leaders.
1950s - At the Forefront
In 1950, Art decided to incorporate the company, giving each of his sons an equity interest. In 1957, Gallagher landed its largest client to date–Chicago’s Beatrice Foods Company. This accomplishment cast Gallagher in the limelight, as it beat out Beatrice’s incumbent insurance broker, then the largest broker in the United States.
1960s - Revolution and Responsiveness
In 1962, asked by Beatrice to help the client self-insure, Gallagher partnered with Sterling Bassett to form a new claims management subsidiary to provide services to self-insured clients. This changed the landscape of commercial insurance. In 1963, Robert E. Gallagher was named President and CEO of Gallagher, positions he held into the 1990s. The ‘60s also brought Gallagher’s earliest forays into the life insurance and benefits business.
1970s - International Expansion
The ‘70s was a period of rapid growth. Gallagher established an international presence in 1974 when it co-founded Lloyd’s broker Gallagher, Hinton & Vereker Ltd. in London. Gallagher later purchased the remaining interest. In 1975, Gallagher also formed an office in Bermuda to provide access to many offshore alternative markets. In that same year, Gallagher’s employee benefits division wrote Gallagher’s first self-funded employee benefits plan. By 1976, Gallagher’s revenues had topped $10 million, and by 1978, they had more than doubled to $25 million.
1980s - Prospering as a Public Company
In 1981, Gallagher, Hinton & Vereker became the first subsidiary of a U.S. broker to be accepted as a Lloyd’s broker in its own right.
In 1984, Gallagher went public with an initial common stock offering, and in 1987, Gallagher was invited to join the prestigious New York Stock Exchange. Traded under the symbol “AJG,” industry publications often highlighted Gallagher as one of the fastest-growing brokers.
Gallagher also finalized a major step in the evolution of Gallagher Bassett during this decade. In 1988, to enable GB to grow and prosper, the decision was made to “un-bundle” and market GB’s services to non-Gallagher brokers, allowing them to be purchased on a “stand-alone” basis.
1990s - The Fourth Largest Broker
In 1990, CEO Bob Gallagher was named Chairman of the Board, and his brother, John, was named Vice Chairman. John’s son, J. Patrick Gallagher, Jr., became President in 1990 and Chief Executive Officer in 1995. In 1997, Gallagher formed a domestic wholesale brokerage division to market wholesale services to retail insurance agents and brokers, including Gallagher’s. Gallagher also established a joint venture in Australia. By 1999, based on 1998 revenues of more than $500 million, Gallagher was recognized by Business Insurance magazine as the world’s fourth-largest broker.
2000s - Technology-Infused Solutions
In 2002, Gallagher celebrated its 75th anniversary and hit the $1 billion in revenues mark. It was also recognized by Fortune magazine among the Fortune 1000 Largest Companies. Gallagher was named to Forbes magazine’s Platinum 400 List of Best Big Companies in America for 2004 and 2005. In 2006, J. Patrick Gallagher, Jr. was appointed Chairman of the Board.
2010s - Growing through our Strengths
Gallagher completed nearly 300 acquisitions from January 1, 2010 through December 31, 2016, which fueled strong revenue growth and significant international expansion. By 2016, 34% of Gallagher’s Brokerage revenues and 15% of Gallagher’s Risk Management revenues were generated outside of the United States. For six consecutive years, from 2012 to 2017, Gallagher was recognized by the Ethisphere Institute as one of the World’s Most Ethical Companies™.
[ 本帖最後由 kaka 於 2018-1-13 15:28 編輯 ]
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