Arthur J Gallagher Company

Description

Gallagher (Arthur J) & Co (NYSE: AJG) is a leading insurance company with global business operations.

The firm also provides various risk management and consulting services across its reportable geographic segment.

In addition, the American company also provides settlement services, third-party claims, and related administrative services.

Instead of insurance brokers, the firm prefers to call itself an international group of partners that operates and provides various insurance related services, such as cost-effective and client-centered services, managed by experts in the sector reportedly.

The insurance and risk management company claims to provide its services in around 150 countries across the globe.

The publicly listed company provides various insurance brokerage services, consulting, management services to domestic as well as international organizations.

The insurance company’s three reportable business segments are:
• Brokerage Unit
• Risk Management Unit
• Corporate Unit

Brokerage segment

The company deals with retail and wholesale services related to insurance brokerage under the brokerage segment.

The insurance firm claims to provide brokerage services in more than 49 countries through a network of over 480 service and sales offices across the US.

Risk Management Unit

The firm’s reportable segment is engaged in settlement services for various kinds of contract claims and other related administrative services.

It provides these services to businesses as well as public institutions that prefer to self-insure a part or all of its properties for casualty insurances.

In addition, it also provides these services to the organizations that choose to delegate a part or all of its property insurances.

Corporate Unit

The segment focuses on various investment services of the company, mainly in the clean energy sector.

The company says that its risk management services are marketed directly to larger mid-cap companies, public entities, Fortune 1000 companies, and not for profit organizations.

It operates through a network of over 65 offices in the Americas, New Zealand, Australia, and the UK.

The S&P 500 firm is listed on the New York Stock Exchange. The company’s trading symbol is 'AJG'.