Business Services Industry
4. Arthur J. Gallagher & Co.(Spotlight: World's Largest Brokers)
Business Insurance, July, 2004
Byline: Dave Lenckus The Gallagher Centre, 2 Pierce Place Itasca, Ill. 60143-3141 630-773-3800; fax: 630-285-4000 www.ajg.com J. Patrick Gallagher Jr. characterizes 2003 as an "outstanding year'' for Arthur J. Gallagher & Co.
Stock analysts alternately describe 2003 as a very strong, rebound or transition year for the Itasca, Ill.-based brokerage. What they all agree on is that Gallagher's 2001 and 2002 brokerage growth strategy-investing more heavily in recruiting proven producers than in completing mergers and acquisitions-is beginning to pay off. At the same time, Gallagher's risk management services, benefits consulting and wholesale operations also showed marked growth. Contributing to growth was an increase in niche business, with the...
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