Arthur J. Gallagher & Co. Acquires NetClaim

Arthur J. Gallagher & Co. announced on July 2, 2024, that its subsidiary, Gallagher Bassett, has acquired NetClaim from NAVEX.

Rhea-AI Summary

Arthur J. Gallagher & Co. announced on July 2, 2024, that its subsidiary, Gallagher Bassett, has acquired NetClaim from NAVEX. The transaction's terms were not disclosed. NetClaim specializes in first notice of loss and injury reporting services for risk management clients, insurance carriers, and third-party administrators across the United States. This acquisition will enhance Gallagher Bassett's incident management capabilities under the leadership of Niel Simon, Executive VP of Gallagher Bassett Global Solutions.

J. Patrick Gallagher, Jr., Chairman and CEO, expressed excitement about integrating NetClaim's expertise to improve client outcomes. Arthur J. Gallagher & Co., a global insurance brokerage and risk management firm, operates in around 130 countries. For more information, contact Ray Iardella, VP of Investor Relations, or Paul Day, Communications Manager.

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ROLLING MEADOWS, Ill., July 2, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced that its claims and risk management solutions subsidiary, Gallagher Bassett, has acquired NetClaim from NAVEX. Terms of the transaction were not disclosed.

NetClaim provides comprehensive first notice of loss and first report of injury services for risk management clients, insurance carriers and third-party administrators throughout the United States. NetClaim will join Gallagher Bassett's Incident Management team under the direction of Niel Simon, Executive VP of Gallagher Bassett Global Solutions.

"NetClaim's expertise in claims intake services will enhance Gallagher Bassett's incident management capabilities and deliver superior outcomes for our clients," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am excited to welcome the NetClaim team to our growing company."

Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.

Investors: Ray Iardella, VP - Investor Relations	Media: Paul Day, Communications Manager
630-285-3661/ ray_iardella@ajg.com	630-285-5946/ paul_day1@ajg.com

 

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SOURCE Arthur J. Gallagher & Co.

FAQ

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What company did Arthur J. Gallagher & Co. (AJG) acquire on July 2, 2024?

Arthur J. Gallagher & Co. acquired NetClaim from NAVEX.

How will the acquisition of NetClaim benefit Gallagher Bassett's services?

The acquisition will enhance Gallagher Bassett's incident management capabilities, delivering superior outcomes for clients.

Who will lead NetClaim within Gallagher Bassett?

NetClaim will join Gallagher Bassett's Incident Management team under the direction of Niel Simon, Executive VP of Gallagher Bassett Global Solutions.

What type of services does NetClaim provide?

NetClaim provides comprehensive first notice of loss and first report of injury services for risk management clients, insurance carriers, and third-party administrators.

How extensive is Arthur J. Gallagher & Co.'s (AJG) global reach?

Arthur J. Gallagher & Co. provides services in approximately 130 countries through its owned operations and network of correspondent brokers and consultants.