Arthur J. Gallagher is an insurance brokerage and risk management firm that helps businesses and individuals find and place insurance coverage, along with providing employee benefits consulting and claims management services. As a broker rather than an insurer, Gallagher earns commissions and fees for placing coverage with insurance carriers and advising clients on risk, without carrying the underwriting risk that insurance companies themselves hold. The company has grown substantially through acquiring smaller regional brokerages over many years, a strategy it has pursued more actively and consistently than most competitors in a still-fragmented brokerage industry. Gallagher's revenue tends to grow both organically, as it wins new client relationships and insurance premiums rise, and through the steady cadence of acquisitions it completes each year.