Arthur J. Gallagher & Co. Expands Services with Acquisition of Reck & Co.
In a move poised to strengthen its market position in the global insurance and risk management sector, Arthur J. Gallagher & Co. has announced the acquisition of Reck & Co. This acquisition, finalized on February 2, 2026, sees Gallagher Bassett, the company's subsidiary specializing in claims and risk management solutions, welcoming Reck & Co. into its fold. Based in Bremen, Germany, Reck & Co. is recognized for its expertise in providing comprehensive global transport and marine claims services, which include surveying, claim handling, and recovery, as well as loss prevention services.
The merger comes with excitement as J. Patrick Gallagher, Jr., the Chairman and CEO of Arthur J. Gallagher & Co., expressed his enthusiasm for integrating Reck & Co.'s seasoned professionals into their global team. Gallager stated, "Reck & Co. has a deep reputation in the global marine insurance market and will expand Gallagher Bassett's claims service offerings in Europe." This strategic acquisition is expected to bolster Gallagher’s service capabilities and enhance their market outreach.
Franz Kasten and Marc Friedrich, the key figures leading Reck & Co., will continue their operations at their current location under the strategic direction of Manan Sagar, who oversees Gallagher Bassett's operations across Europe, the Middle East, and Asia. This continuity will provide reassurance to clients and stakeholders engaged with Reck & Co., ensuring that the high standards of service and understanding of complex marine claims will remain intact.
Arthur J. Gallagher & Co. stands as a global insurance brokerage and risk management organization, headquartered in Rolling Meadows, Illinois. The company operates in approximately 130 countries, leveraging both owned operations and a vast network of correspondent brokers and consultants to provide its services. This acquisition solidifies Gallagher's commitment to expanding its international presence and service offerings in the insurance arena.
The terms of the transaction were not disclosed, keeping certain strategic and financial details proprietary. Nevertheless, this acquisition reflects the ongoing trend within the insurance industry where companies are expanding through mergers and acquisitions to enhance their service capabilities and market presence. Such strategic moves highlight the dynamic nature of the insurance landscape and underscore the importance of adaptation to meet evolving client needs in an increasingly competitive environment.
The integration of Reck & Co. into Gallagher Bassett’s operations is set to provide a robust enhancement of marine insurance services. Well-known for its commitment to quality and reliability, Reck & Co. has been pivotal in managing complex marine and transport claims, and its addition to Gallagher is anticipated to create synergies that will be beneficial not only for the companies involved but also for the clients they serve.
With this acquisition, Gallagher continues its expansion strategy aimed at providing comprehensive risk management and insurance solutions across diverse markets globally, strengthening its position as a leader in the insurance brokerage and risk management sectors. As they move forward, the focus will be on harnessing the combined strengths of both teams to offer innovative solutions and enhance service delivery to its clientele worldwide.
The merger comes with excitement as J. Patrick Gallagher, Jr., the Chairman and CEO of Arthur J. Gallagher & Co., expressed his enthusiasm for integrating Reck & Co.'s seasoned professionals into their global team. Gallager stated, "Reck & Co. has a deep reputation in the global marine insurance market and will expand Gallagher Bassett's claims service offerings in Europe." This strategic acquisition is expected to bolster Gallagher’s service capabilities and enhance their market outreach.
Franz Kasten and Marc Friedrich, the key figures leading Reck & Co., will continue their operations at their current location under the strategic direction of Manan Sagar, who oversees Gallagher Bassett's operations across Europe, the Middle East, and Asia. This continuity will provide reassurance to clients and stakeholders engaged with Reck & Co., ensuring that the high standards of service and understanding of complex marine claims will remain intact.
Arthur J. Gallagher & Co. stands as a global insurance brokerage and risk management organization, headquartered in Rolling Meadows, Illinois. The company operates in approximately 130 countries, leveraging both owned operations and a vast network of correspondent brokers and consultants to provide its services. This acquisition solidifies Gallagher's commitment to expanding its international presence and service offerings in the insurance arena.
The terms of the transaction were not disclosed, keeping certain strategic and financial details proprietary. Nevertheless, this acquisition reflects the ongoing trend within the insurance industry where companies are expanding through mergers and acquisitions to enhance their service capabilities and market presence. Such strategic moves highlight the dynamic nature of the insurance landscape and underscore the importance of adaptation to meet evolving client needs in an increasingly competitive environment.
The integration of Reck & Co. into Gallagher Bassett’s operations is set to provide a robust enhancement of marine insurance services. Well-known for its commitment to quality and reliability, Reck & Co. has been pivotal in managing complex marine and transport claims, and its addition to Gallagher is anticipated to create synergies that will be beneficial not only for the companies involved but also for the clients they serve.
With this acquisition, Gallagher continues its expansion strategy aimed at providing comprehensive risk management and insurance solutions across diverse markets globally, strengthening its position as a leader in the insurance brokerage and risk management sectors. As they move forward, the focus will be on harnessing the combined strengths of both teams to offer innovative solutions and enhance service delivery to its clientele worldwide.
Topics Financial Services & Investing）
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