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Arthur Gallagher founds the agency, Arthur J. Gallagher & Co., in Chicago. |
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Arthur Gallagher helps pioneer Hartford's retrospective rating program and writes what is believed to be the first deductible fire plan in Chicago. |
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Arthur Gallagher's three sons, James, Robert and John, are now part of the agency. Revenues reach $175,000 and the company is incorporated. |
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Gallagher Bassett Services, Inc. is formed to provide comprehensive risk management services to self-insured accounts. |
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1963
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Robert E. Gallagher becomes President and Chief Executive Officer. |
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1965 |
The first Bishop's Plan for Protected Self-Insurance is written for the Archdiocese of Chicago. |
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International expansion begins with the incorporation (on 9th December 1974) of, D. Vereker & Company in London. |
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1975
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D. Vereker & Company becomes Gallagher, Hinton & Vereker Limited on 21st January 1975, established under the umbrella of Lloyd's Broker Hinton Hill and Coles. |
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Gallagher, Hinton & Vereker becomes a Lloyd's Broker on Christmas Eve 1981. |
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1982
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Gallagher is ranked by Business Insurance magazine as the 10th largest broker in the U.S.
Gallagher Hinton & Vereker creates an International Division. |
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1983
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As company revenues hit the $50 million mark, Gallagher introduces RISX-FACS®, an online distributed information system to give self-insured clients direct and immediate access to their claims information. |
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1984
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Arthur J. Gallagher & Co. goes public with an initial common stock offering of $1.72 per share. It is later restated for three subsequent two-for-one stock splits.
Gallagher breaks into the Top 20 worldwide ranking of brokers, as the 18th largest, according to Business Insurance magazine. |
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1985
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Gallagher, Hinton & Vereker changes name to Arthur J. Gallagher (UK) Limited on 16th January 1985.
Arthur J. Gallagher & Co. is chosen by Forbes magazine as one of the "200 Best Small Companies in America". |
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1986
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Arthur J. Gallagher & Co. acquires London Broking house John Plumer & Partners which merges with Arthur J. Gallagher (UK) Limited to become Gallagher Plumer Limited on 20th August 1986.
Arthur J. Gallagher & Co. is honoured again by Forbes as one of the "200 Best Small Companies in America". |
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1987 |
Robert E. Gallagher begins his 25th year as President and Chief Executive Officer.
Revenues top $134 million and staff for the Group exceeds 1,600.
Gallagher moves up in the Business Insurance magazine rankings as the 15th largest broker in the world and the 8th largest in the U.S.
Forbes honours Gallagher a third time as one of the "200 Best Small Companies in America". |
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J. Patrick Gallagher, Jr. becomes President.
Gallagher is ranked as the 12th largest broker in the world by Business Insurance magazine. |
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1991
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The company moves its corporate headquarters to a new location in Itasca, Illinois, a suburb of Chicago, where it occupies about half of a new 25 storey building named The Gallagher Centre. |
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1994
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Insurance broker Connor Hale Kerslake Limited (later to become part of the Gallagher Group) is incorporated.
Gallagher Plumer's name is changed to Arthur J. Gallagher (UK) Limited on 23rd November 1994.
London staff numbers now approaching 100. |
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1995
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J. Patrick Gallagher, Jr. becomes Chief Executive Officer as well as President.
Gallagher Bassett passes the $100 million revenue mark and total corporate revenues hit $412 million.
The company is recognized by Business Insurance magazine as the 8th largest broker in the world.
Risk Management Partners begins on 9th January 1995 as a Joint Venture between Arthur J. Gallagher & Co and American Re Corp., to provide risk management and insurance solutions to the Public Sector in the UK. Claims management and risk control are provided by Gallagher Bassett. |
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1996 |
Arthur J. Gallagher (UK) Limited acquires insurance broker Morgan Read & Coleman on 13th September 1996 and creates three new divisions: Specialty Lines, Worldwide Risks and Worldwide Treaty.
Gallagher Bassett enters new marketplaces with a joint venture in Canada and the purchase of a majority interest in National Risk Control Services of Australia.
Arthur J. Gallagher (UK) Limited acquires a 50% shareholding in Risk Management Partners Limited on 7th October 1996. |
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1997
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AJG Financial Services, Inc. is established to provide financial products and services.
Gallagher forms Risk Placement Services, Inc., a wholesale brokerage operation that places excess and surplus lines business for its own and other brokers.
Gallagher establishes a rent-a-captive facility through Bermuda-based Artex Insurance Company Ltd. to offer new alternative risk transfer options to clients.
Wyatt Gallagher Bassett Pty Ltd, a joint venture between Gallagher Bassett Services, Inc. and Brisbane-based Wyatt Group, forms with operating offices throughout Australia. |
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1998
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Gallagher's international presence expands to include more than 200 sales and service offices in the U.S. and six other countries, as well as correspondent brokers in almost 100 countries.
Company revenues surpass $500 million, as Gallagher becomes the 4th largest broker in the world. |
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1999 |
Gallagher forms exclusive partner relationship with Associated Risk Managers International (ARM).
Gallagher launches www.coveragefirst.com, a specialised e-commerce platform for insurance agents accessing Gallagher's specialty programs and wholesale brokerage services. |
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Gallagher Bassett introduces its premier claims and loss control information management system on the World Wide Web, www.risxfacs.com, signalling a new era in information access and claims management data reporting. |
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2001
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Arthur J. Gallagher (UK) Limited creates Omni Risks division following the employment of Property, Energy and Professional Liability specialists. It also acquires insurance broker Morgan Read & Sharman at the end of November 2001. |
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2002
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Business Insurance magazine ranks Arthur J. Gallagher & Co. as the 3rd largest broker of U.S. business.
Company revenues exceed $1 billion as Arthur J. Gallagher & Co. celebrates its 75th anniversary.
Arthur J. Gallagher (UK) Limited creates a new division, Marine, Aviation and Transport, in addition to its four existing divisions: Specialty Lines, Worldwide Risks, Worldwide Treaty and Omni Risks. |
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2003 |
Gallagher introduces its latest client service innovation, Insight, a Web-based suite of integrated online services.
Gallagher Bassett becomes the world's largest multi-line third party claims administrator, according to Business Insurance magazine.
Arthur J. Gallagher (UK) Limited acquires 100% shareholding in Connor Hale Kerslake Limited on 22nd December 2003.
London staff numbers reach 320.
Gallagher Bassett purchases remaining 50% interest in Wyatt Gallagher Bassett, its Australian claims management and loss control operation. |
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2004
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Arthur J. Gallagher (UK) Limited restructures into two operating divisions; Gallagher Global Risks and Gallagher Re (the treaty reinsurance arm of Arthur J. Gallagher (UK) Limited).
Gallagher Global Risks is comprised of four divisions: Specialty Lines, Worldwide Risks, Omni Risks and Marine, Aviation & Transport and at its formation is made up of 162 staff within 12 business units and three services units.
Arthur J. Gallagher (UK) Limited acquires the remaining 50% shareholding in Risk Management Partners.
Gallagher is named one of Forbes magazine's "Platinum 400 Best Big Companies in America" and is also numbered among the Fortune 1000. |
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2005
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Gallagher is once again recognized as one of Forbes magazine's "Platinum 400 Best Big Companies in America". Business Insurance magazine ranks Risk Placement Services, Inc. as the largest U.S.-based MGA/underwriting management company.
Gallagher forms Gallagher Re, Inc., a new subsidiary that combines all of Gallagher's worldwide reinsurance operations under one banner. |
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2006
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J. Patrick Gallagher, Jr. is appointed Chairman of the Board, while retaining his roles as President and Chief Executive Officer.
Arthur J. Gallagher (UK) Limited revenues exceed US$100m. It now has over 400 staff. |
