Shepard Insurance Group
Shepard Insurance Group is a retail insurance brokerage serving high-net-worth individuals in the northeastern US and Florida with bespoke coverage for homes, vehicles, collections, liability, and specialty lifestyle risks. It now operates within Gallagher Private Client following its November 2024 acquisition by Arthur J. Gallagher & Co.
- Company typePrivate
- Founded1970
- HeadquartersGreenwich, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Shepard Insurance Group does
Shepard Insurance Group is a privately-held retail insurance brokerage headquartered at 1700 E. Putnam Ave., Old Greenwich, Connecticut, that specializes in serving high-net-worth individuals across the northeastern United States and Florida. Founded approximately 50 years ago, the firm designs bespoke personal insurance strategies for affluent clients whose risk profiles exceed the capacity of standard policies, with a product suite that covers home and estate, automobile and collector cars, wine/jewelry/rare book collections, excess liability umbrella, cyber and personal security, aviation, yacht and watercraft, and luxury travel exposures.
As a retail broker, Shepard does not underwrite risk; it earns transaction-based commissions by placing and servicing client coverage with insurance carriers, with annual billing and quote-based pricing that is not publicly disclosed. The go-to-market model is direct-sales and relationship-led — phone, website contact form, and in-person consultations at the Old Greenwich office — targeting a single high-net-worth persona rather than mass-market channels.
On November 26, 2024, Arthur J. Gallagher & Co. (NYSE: AJG) acquired Shepard Insurance Group and folded it into Gallagher Private Client, AJG's dedicated high-net-worth division. Post-acquisition, the firm operates as part of a global brokerage network with access to expanded carrier markets, broader specialty coverage expertise, and strengthened underwriting relationships, while retaining its local Old Greenwich presence as the client-facing face of Gallagher Private Client in its core markets.
Shepard Insurance Group firmographics
Firmographics- Name
- Shepard Insurance Group
- Legal name
- Shepard Insurance Group
- Website
- https://shepardinsgrp.com
- Company type
- Private
- Founded year
- 1970
- Operating status
- Acquired
- Headcount range
- 11–50 employees
- Short description
- Shepard Insurance Group is a retail insurance brokerage serving high-net-worth individuals in the northeastern US and Florida with bespoke coverage for homes, vehicles, collections, liability, and specialty lifestyle risks. It now operates within Gallagher Private Client following its November 2024 acquisition by Arthur J. Gallagher & Co.
- Ownership category
- akta.pro rank
Shepard Insurance Group industry classification
Industry- Product category
- Personal Lines Insurance Brokerage
- NAICS
- Insurance Agencies and Brokerages (524210), Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (52421)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Retail (Personal Lines) Insurance Brokerage (FSAEADAA)
- akta.pro secondary industries
- Personal Excess Liability (High-Net-Worth) (FSAJANAF), Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)
Keywords
Where Shepard Insurance Group is headquartered
LocationHeadquarters
- HQ city
- Greenwich
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Shepard Insurance Group business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales
Revenue model
- Insurance brokerage commissions: Retail insurance broker earning commissions from insurance carriers for placing coverage for high-net-worth clients. Revenue generated through policy placement fees and ongoing commissions as policies renew.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Personalized high-net-worth insurance coverage |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Shepard Insurance Group product offering
Product offeringCore offering
Shepard Insurance Group is a retail insurance broker that designs and places personalized personal lines insurance coverage for high-net-worth individuals. The firm offers bespoke policies for high-value homes, luxury and collector automobiles, valuable collections (wine, jewelry, rare books), excess liability, cyber/personal security, aviation, yacht/watercraft, and luxury travel. Since November 26, 2024, the brokerage operates as part of Arthur J. Gallagher & Co.'s Gallagher Private Client division.
Product overview
Shepard Insurance Group, now part of Gallagher Private Client, is a retail insurance broker that has served high-net-worth clients for nearly half a century. The company offers a comprehensive suite of personalized insurance products designed for elevated lifestyles, including Home & Estate Insurance, Automobile & Collector Cars Insurance, Collections Insurance (covering wine, jewelry, and rare books), Excess Liability Umbrella, Cyber/Personal Security Insurance, Aviation Insurance, Yacht/Watercraft Insurance, and Luxury Travel Insurance. These products are tailored to address the unique needs and risks of affluent individuals in the northeastern US and Florida.
Differentiator
Problem solved
Functional benefit
Products and services
- Home & Estate Insurance Bespoke personal property and liability coverage for high-net-worth individuals' primary, secondary or vacation homes.
- Automobile & Collector Cars Insurance Luxury and collector vehicle insurance tailored to owners of high-value automobiles.
- Collections Insurance Personalized insurance for high-net-worth individuals' wine, jewelry and rare book collections.
- Excess Liability Umbrella Excess personal liability umbrella protection from lawsuits for high-net-worth clients.
- Cyber / Personal Security Insurance Tailored cyber and personal security insurance to safeguard high-net-worth clients from identity theft, defamation and other online or personal threats.
- Aviation Insurance Coverage for corporate and private aircraft owners among high-net-worth clients.
- Yacht / Watercraft Insurance Insurance coverage for yachts and watercraft as part of an elevated-lifestyle protection program.
- Luxury Travel Insurance Insurance coverage addressing the luxury travel needs and risks of high-net-worth clients.
Quantifiable outcome
- Access to new insurance markets and coverage expertise through Gallagher integration
Companies that use Shepard Insurance Group
Customer profileSegments1 record
Ideal customer profiles1 record
Shepard Insurance Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Shepard Insurance Group partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Arthur J. Gallagher & Co. (AJG)coreArthur J. Gallagher & Co. acquired Shepard Insurance Group, integrating the retail insurance broker into Gallagher Private Client. Shepard Insurance Group, serving high-net-worth clients in the northeastern US and Florida for nearly 50 years, now has access to Gallagher's global network, expanded insurance markets, coverage expertise, and strengthened carrier relationships.
Scale indicators1 record
Recent moves3 records
Expansion highlights4 records
Shepard Insurance Group competitors and assessment
Company assessmentDirect peers
- PURE Group of Insurance Companies: A direct-to-consumer HNW personal lines carrier and broker specializing in high-value homes, autos, collections, and umbrella coverage for affluent households — a direct competitor to Shepard's personal lines HNW book.
- Chubb Personal Risk Services: Chubb's HNW division offers bespoke personal insurance for high-net-worth households covering homes, autos, collections, and excess liability — overlapping directly with Shepard's product suite and target client.
- AIG Private Client Group: AIG's Private Client division underwrites and distributes HNW personal lines including homes, autos, collections, aviation, and yacht — competing with Shepard in the same wealthy household segment.
- Travelers Private Client Group: Travelers' Private Client Group provides HNW home, auto, and umbrella coverage with high-touch service, directly comparable to Shepard's bespoke insurance offerings for affluent clients.
- Cincinnati Financial Private Client: Cincinnati's Private Client division delivers high-net-worth personal lines through agents in select regions including the Northeast and Florida, directly competitive with Shepard's footprint.
- Nationwide Private Client: Nationwide's Private Client unit serves HNW households with tailored home, auto, and umbrella coverage — an established competitor in the personal lines HNW brokerage market.
- Allstate Private Client: Allstate's Private Client group offers bespoke personal insurance for affluent households, comparable in product breadth and target client to Shepard Insurance Group.
- Risk Strategies Company: Risk Strategies is a specialty insurance brokerage with a dedicated Private Client practice serving affluent households with bespoke home, auto, aviation, and collections coverage — competing with Shepard in the Northeast.
Broad incumbents
- Arthur J. Gallagher & Co. (Parent): Shepard's corporate parent, which fields a national Private Client brokerage platform across the US and globally, providing reach and carrier relationships far beyond Shepard's Northeast/Florida geography.
- Marsh Private Client Services: Marsh's Private Client Services practice provides HNW personal lines brokerage globally; while broader in scope, it overlaps materially with Shepard's affluent household offerings.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights5 records
Customer concentration
Shepard Insurance Group social profiles
Digital presenceShepard Insurance Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Shepard Insurance Group leadership team
Management profileNumber of profiles
Shepard Insurance Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Shepard Insurance Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Shepard Insurance Group
What does Shepard Insurance Group do?
Shepard Insurance Group is a retail insurance broker that designs and places personalized personal lines insurance coverage for high-net-worth individuals. The firm offers bespoke policies for high-value homes, luxury and collector automobiles, valuable collections (wine, jewelry, rare books), excess liability, cyber/personal security, aviation, yacht/watercraft, and luxury travel. Since November 26, 2024, the brokerage operates as part of Arthur J. Gallagher & Co.'s Gallagher Private Client division.
Is Shepard Insurance Group a public or private company?
Shepard Insurance Group is a private company. It is classified as corporate owned and is currently acquired.
When was Shepard Insurance Group founded?
Shepard Insurance Group was founded in 1970. It employs 11 to 50 people.
Where is Shepard Insurance Group based?
Shepard Insurance Group is headquartered in Greenwich, United States, in the North America region.
How does Shepard Insurance Group make money?
One revenue line is on record: insurance brokerage commissions.
Who are Shepard Insurance Group's main competitors?
Direct peers on record are PURE Group of Insurance Companies, Chubb Personal Risk Services, AIG Private Client Group, Travelers Private Client Group, Cincinnati Financial Private Client, Nationwide Private Client, Allstate Private Client and Risk Strategies Company. Broad incumbents are Arthur J. Gallagher & Co. (Parent) and Marsh Private Client Services.
Does Shepard Insurance Group have an API?
No public API is recorded for Shepard Insurance Group.
What industry is Shepard Insurance Group in?
Shepard Insurance Group's product category is Personal Lines Insurance Brokerage. Its primary akta.pro industry code is FSAEADAA, Retail (Personal Lines) Insurance Brokerage, with a secondary code of FSAJANAF, Personal Excess Liability (High-Net-Worth). Its NAICS code is 524210 and its SIC code is 6411.