Arthur J. Gallagher & Co. Acquires Reck & Co.

Rhea-AI Summary

Arthur J. Gallagher & Co (NYSE:AJG) announced that Gallagher Bassett has acquired Bremen, Germany-based Reck & Co GmbH effective Feb. 2, 2026. Reck & Co. provides global transport and marine claims services including surveying, claim handling, recovery and loss prevention.

The Reck & Co. team, led by Franz Kasten and Marc Friedrich, will remain in Bremen and report to Manan Sagar, head of Gallagher Bassett EMEA. Terms were not disclosed. The acquisition is presented as an expansion of Gallagher Bassett's European marine claims capabilities and global claims service offerings.

Positive

• Adds specialized global transport and marine claims services to Gallagher Bassett
• Retains Reck & Co leadership in Bremen under existing management structure
• Expands Gallagher Bassett's claims service offerings in Europe and globally

Negative

• Transaction terms were not disclosed, limiting near-term financial transparency

ROLLING MEADOWS, Ill., Feb. 2, 2026 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced that its claims and risk management solutions subsidiary, Gallagher Bassett, has acquired Bremen, Germany-based Reck & Co GmbH ("Reck & Co."). Terms of the transaction were not disclosed.

Reck & Co. is a specialist provider of global transport and marine claims services including surveying, claim handling, recovery and loss prevention. The Reck & Co. team, led by Franz Kasten and Marc Friedrich, will remain in their current location under the direction of Manan Sagar, head of Gallagher Bassett's Europe, Middle East and Asia operations.

"Reck & Co. has a deep reputation in the global marine insurance market and will expand Gallagher Bassett's claims service offerings in Europe," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am excited to welcome Franz, Marc and their associates to our growing, global team."

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, Senior Media Relations 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

What did Arthur J. Gallagher (AJG) announce on February 2, 2026 regarding Reck & Co?

They announced that Gallagher Bassett acquired Bremen-based Reck & Co on Feb. 2, 2026, expanding marine claims capabilities. According to the company, Reck & Co will continue operating in Bremen and report to Gallagher Bassett's EMEA head.

How will the Reck & Co acquisition affect Gallagher Bassett's services for AJG shareholders?

The acquisition is intended to broaden Gallagher Bassett's marine and transport claims offerings in Europe and globally. According to the company, it adds surveying, claim handling, recovery and loss prevention expertise to its claims portfolio.

Who will lead Reck & Co after the AJG acquisition and where will the team be based?

Franz Kasten and Marc Friedrich will continue to lead the Reck & Co team in Bremen, Germany. According to the company, the team will remain in their current location under Manan Sagar's EMEA direction.

Did Arthur J. Gallagher (AJG) disclose financial terms for the Reck & Co deal?

No, the company did not disclose the financial terms of the acquisition. According to the company, terms of the transaction were not disclosed in the announcement.

What strategic benefit did AJG cite for acquiring Reck & Co on Feb. 2, 2026?

AJG said the deal expands Gallagher Bassett's claims service offerings in Europe, strengthening marine insurance capabilities. According to the company, Reck & Co brings a deep reputation in the global marine insurance market.