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Slide #25. Arthur J. Gallagher & Co. — Equity Interest In JAO & Partners
Arthur J. Gallagher & Co. (NYSE:AJG)
Equity Interest In JAO & Partners
Arthur J. Gallagher & Co. today announced that it has partnered with Grupo CP to acquire a 56% equity interest in JAO & Partners, located in Lima, Peru, which has annualized revenues of approximately $4 million. Other terms of the transaction were not disclosed.
Gallagher (Arthur J.) is a holding company. Through its subsidiaries, Co. provides insurance brokerage, consulting, and third party claims settlement and administration services to both domestic and international entities. Co.'s segments are: brokerage, which is primarily comprised of its retail and wholesale insurance brokerage operations; risk management, which provides contract claim settlement and administration services for enterprises and public entities that choose to self-insure their property/casualty coverages and for underwriting enterprises that choose to outsource their property/casualty claims departments; and corporate, which manages its clean energy and other investments.
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