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Arthur J Gallagher & Co. (AJG)

4:50AM AEST: 22.70 USD  Up 0.24 (1.07%)  
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Arthur J Gallagher & Co.
The Gallagher Centre
Two Pierce Place
Itasca, IL 60143-3141
Phone: 630-773-3800
Fax: 630-285-4000
Web Site: http://www.ajg.com

 DETAILS 
Index Membership:S&P 400 MidCap
S&P 1500 Super Comp
Sector:Financial
Industry:Insurance Brokers
Employees (last reported count):9,800

 REUTERS ABRIDGED BUSINESS SUMMARY 
Arthur J. Gallagher & Co., together with its subsidiaries, provides insurance brokerage, and third-party claims settlement and administration services. It operates in three segments: Brokerage, Risk Management, and Financial Services. The Brokerage segment primarily consists of retail and wholesale brokerage operations. Its retail brokerage operations negotiate and place property/casualty (P/C), employer-provided health and welfare insurance, and retirement solutions for middle-market commercial, industrial, public entity, religious, and not-for-profit entities. This segment’s wholesale brokerage operations assist company’s brokers, and other unaffiliated brokers and agents in the placement of specialized and hard to place insurance programs. It also acts as a brokerage wholesaler; and managing general agent or managing general underwriter distributing specialized insurance coverages for insurance carriers. The Risk Management segment provides contract claim settlement and administration services for enterprises that choose to self-insure some or all of their P/C coverages and for insurance companies that choose to outsource some or all of their P/C claims departments. This segment also offers integrated disability management programs, information services, risk control consulting (loss control) services, and appraisal services. The Financial Services segment manages interests in clean-energy and tax-advantaged investments, and venture capital funds, as well as in private investment management firms. The company also owns commercial property/casualty insurance policy related renewal rights. It has operations in the United States, Australia, Bermuda, Canada, and the United Kingdom. The company was founded in 1927 and is headquartered in Itasca, Illinois.
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     OFFICERS 
     PayExercised
    Mr. J. Patrick Gallagher Jr., 57
    Exec. Chairman, Chief Exec. Officer, Pres, Member of Compliance Committee and Member of Exec. Committee
    $ 1.50M $ 205.00K
    Mr. Douglas K. Howell , 48
    Chief Financial Officer and Corp. VP
    $ 925.00K $ 0
    Mr. James W. Durkin Jr., 59
    Pres of Employee Benefit Consulting & Brokerage and Corp. VP
    $ 1.10M $ 673.00K
    Mr. James S. Gault , 57
    Pres of Property & Casualty Brokerage and Corp. VP
    $ 1.05M $ 57.00K
    Mr. David J. Mcmanus ,
    Pres
    N/A N/A
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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