Full-Time
Insurance brokerage specializing in risk management
$86.3k - $136k/yr
Mid
Seattle, WA, USA
Hybrid role allowing for remote work up to 3 days a week.
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Woodruff Sawyer offers insurance brokerage and consulting services, focusing on risk management, insurance, and employee benefits for commercial clients, including technology firms and large corporations. They create customized insurance solutions and help clients improve their risk management strategies, generating revenue through commissions and fees. Their deep understanding of the tech insurance market allows them to provide valuable insights, setting them apart from competitors. The company's goal is to exceed client expectations and build trust through proactive service.
Company Size
501-1,000
Company Stage
Acquired
Total Funding
$1.2B
Headquarters
San Francisco, California
Founded
1918
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Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Flexible Spending Account/Flexible Spending Account
Unlimited Paid Time Off
Paid Vacation
Paid Sick Leave
Paid Holidays
Hybrid Work Options
401(k) Retirement Plan
401(k) Company Match
Company Equity
Wellness Program
Professional Development Budget
The more money you have, the more you have for scammers to steal. Wealthy Americans make juicy targets for fraudsters. A single well-executed scam can steal hundreds of thousands in one transaction. Read More: 3 Signs You’ve ‘Made It’ Financially, According to Financial Influencer Genesis Hinckley Find Out: 8 Common Mistakes Retirees Make With Their Social Security Checks So what are the most common scams targeting wealthy Americans in the post-Artificial Intelligence (AI) world? You’ve heard of phishing: attempts to get victims to share sensitive information that scammers can use to steal money or identities. Whaling takes phishing to the next level by personally targeting wealthy or powerful individuals. “These are not crimes of opportunity — they are targeted, deliberate operations,” said James McQuiggan, security awareness advocate at KnowBe4. “Attackers will use OSINT (open-source intelligence) on the target and their family and friends to gain access
Additionally, Gallagher expanded its footprint in the Upper Midwest by acquiring Dyste Williams, a Minneapolis-based retail insurance agency.
Arthur J. Gallagher & Co. announced a definitive agreement to acquire Woodruff Sawyer for $1.2 billion, subject to regulatory approval, expected to close in Q2 2025. Woodruff Sawyer, based in San Francisco, offers commercial property/casualty products and risk management services. The acquisition aims to enhance client offerings and expand capabilities. Woodruff Sawyer's pro forma revenues and EBITDAC for 2024 were approximately $268 million and $88 million, respectively.
Insurance brokerage Arthur J. Gallagher & Co. bought Woodruff Sawyer, a provider of commercial property and casualty insurance products, employee benefits solutions and risk management services, for $1.2 billion, the companies said today.
This article is part of VentureBeat’s special issue, “The cyber resilience playbook: Navigating the new era of threats.” Read more from this special issue here.Today’s cyber attacks can be paralyzing — and extremely costly — for modern enterprises. Armed with AI, hackers are exploiting vulnerabilities faster than ever.However, standard business insurance products such as general or professional liability policies (errors and omissions, or EO) typically don’t cover losses or damages as the result of breaches or other cyber-related incidents. This makes cybersecurity insurance increasingly critical in 2025 and beyond, particularly as AI transforms (and simplifies) hackers’ methodologies. Cybersecurity-specific insurance policies cover a range of remediation cost and recovery efforts to help enterprises limit damage, recover faster and improve their overall cyber hygiene. But as with any other type of coverage, cyber insurance can be complicated to navigate and full of legalese and loopholes. Let’s go over the basics, why it’s important, what to look for and what trends to expect this year as AI takes center stage. So what does cyber insurance cover?Typically, cyber policies offer coverage for first-party (direct losses) and third-party (outside the business) damages. General coverage includes:. Business interruptions: Lost revenue when an attack takes systems offline;Attack remediation: Incident response, forensic investigations or system repairs;Customer notification and reputation management: Automated alerts when customers’ personally identifiable information (PII) may have been accessed; credit monitoring and breach hotlines; PR work to help repair the brand;Legal expenses: Litigation as the result of a breach (such as lawsuits filed by customers or vendors), what’s known as “duty to defend”;Regulatory action: Investigations that require legal services and potential fines. In the case of ransomware, it’s important to note that, while providers have covered payouts in the past, many are backing off of this practice because hackers are demanding more and regulators are scrutinizing