Arthur J. Gallagher & Co. Investor Meeting With Management Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Yaron Kinar - Mizuho Securities USA LLC - Analyst : Yaron Kinar, Mizuho. For as long as I remember, you've been talking about, when you go and compete time you're competing against smaller businesses. At the same time, we are seeing some of the global brokers moving down market. How is it that we saw that 90% with that move when do you expect maybe to see that 90 to start creeping down? And when you do run up against some of those global competitors or some of those larger sponsored roll-ups how do you compete against them? How well do you do relative to the other 90% of the time?

Question: Yaron Kinar - Mizuho Securities USA LLC - Analyst : David.

Question: Yaron Kinar - Mizuho Securities USA LLC - Analyst : Charlie. Unidentified Participant Hey, Charlie Letter, BMO. Just on Pat's comments on, keeping producers, so I think you put in the 100 that you granted about $315 million to assured partners, employees after the deal closed. How does that compare to what you initially expected. Are there any producers, are there any producer retention stats you can share so far, or how are you feeling about that?