J. Patrick Gallagher, Chairman, President and CEO of Arthur J. Gallagher & Co., will be the recipient of the 2022 Business insurance Lifetime Achievement Award for outstanding achievements in the insurance and risk management sector.
He will receive the award below Business insurance US Insurance Awards on September 14 in New York.
2022 marks Mr. Gallagher’s 50th year at Gallagher, after he first joined the family business as a trainee in 1972 before going full-time two years later. After taking on increasingly senior roles, he was named CEO in 1995, when the company, listed on the New York Stock Exchange in 1987, was ranked eighth in Business insurances ranking of the world̵7;s largest brokers and reported approximately $400 million in annual revenue. In the latest rankings, Gallagher is in fourth place and reported revenue of more than $8 billion in 2021.
Under Mr. Under Gallagher’s leadership, the company has seen organic expansion and growth through hundreds of acquisitions, including significant growth in its international operations. Last year he oversaw the purchase of Willis Towers Watson PLC’s reinsurance brokerage business – Gallagher’s biggest deal to date – which brought the company into the world’s top three reinsurance brokers.
The Business insurance The Lifetime Achievement Award recognizes individuals who have made an outstanding contribution to the insurance and risk management and insurance sector during their career. Recipients are selected by the editors.
All recipients are entered into Business insurance Hall of Fame. Past recipients include: 2021, Brian Duperreault, retired CEO of American International Group Inc.; 2020, Kevin H. Kelley, retired vice chairman of Liberty Mutual Insurance Co.’s Global Risk Solutions business; 2019, Martin P. Hughes, Executive Chairman of Hub International Ltd.; 2018, Maurice R. Greenberg, Chairman and CEO of CV Starr & Co. Inc.; and in 2017, Patrick G. Ryan, Chairman and CEO of Ryan Specialty Group LLC.
For more information about the award and the event, click here.