Arthur J. Gallagher & Co. Secures Acquisition of Reck & Co.
Arthur J. Gallagher & Co. has announced its latest acquisition of Reck & Co. GmbH, based in Bremen, Germany. This strategic move aims to enhance Gallagher Bassett’s claims and risk management solutions.
Acquisition Details
Gallagher Bassett is a subsidiary focused on claims and risk management. The exact terms of the acquisition have not been disclosed. Reck & Co. specializes in global transport and marine claims services, including:
- Surveying
- Claim handling
- Recovery
- Loss prevention
The acquisition will allow Gallagher Bassett to expand its service offerings across Europe.
Leadership and Operations
The Reck & Co. team, led by Franz Kasten and Marc Friedrich, will continue to operate from their current location. Manan Sagar, who oversees Gallagher Bassett’s operations in Europe, the Middle East, and Asia, will direct their integration into the company.
Statements from Leadership
J. Patrick Gallagher, Jr., Chairman and CEO of Arthur J. Gallagher & Co., expressed enthusiasm about the acquisition. He noted, “Reck & Co. has a deep reputation in the global marine insurance market.” This acquisition aims to further solidify Gallagher Bassett’s position in the industry.
About Arthur J. Gallagher & Co.
Headquartered in Rolling Meadows, Illinois, Arthur J. Gallagher & Co. operates as a global insurance brokerage. The firm offers risk management and consulting services in approximately 130 countries worldwide. Through its owned operations and network of correspondent brokers, Gallagher is recognized for its expansive reach and expertise.
For more information, media inquiries can be directed to Paul Day, the Senior Media Relations Manager, at 630-285-3661, or via email.
