EXECUTIVE SUMMARY This year’s List of the Largest Insurance Brokers features 25 firms ranked by total premiums awarded in 2010 for the greater San Fernando Valley region. Of these firms, 21 of them are headquartered in the area with the remaining 4 headquartered out of state but with local offices. Among the top 5, Arthur J. Gallagher ranks as No. 1 with $720 million. Wells Fargo in Sherman Oaks went from No. 3 to No. 2 this year with a $10 million increase in premiums. Woodland Hills-based USI of Southern California took the No. 3 ranking despite showing a decline of $32 million in premiums. No. 4 ranked Momentous Insurance Brokerage in Van Nuys, maintained 2009 figures. –By Josh Dausch THE PACESETTER TThe largest insurance broker on this year’s List is Arthur J. Gallagher & Co. Headquartered in Itasca, Illinois; Arthur J. Gallagher operates four local offices in the greater San Fernando Valley. It employs 299 people, 188 of which are licensed agents, the highest of all the ranked brokerages. Arthur J. Gallagher offers insurance services as brokers, consultants and third party administrators in areas ranging from automotive to earthquake, fire and flood. The company was founded by Arthur J. Gallagher in Chicago in 1927 and has been expanding internationally since the 1970s. It is locally managed from its Glendale office by Area President Scott Firestone. –By Josh Dausch Download the 2012 SFV’s LARGEST INSURANCE BROKERS list (pdf)
EXECUTIVE SUMMARY / THE PACESETTER – Insurance Brokers
