Arthur J. Gallagher & Co. Acquires W K Webster & Co Ltd

Rhea-AI Summary

Arthur J. Gallagher & Co. (NYSE:AJG) announced that its subsidiary, Gallagher Bassett, has acquired W K Webster & Co , a specialist in marine and transit claims management. W K Webster, headquartered in London with offices in Singapore, the United States, and the Netherlands, provides comprehensive services to insurers and self-insured corporations globally.

The W K Webster team, led by Anthony Smith, will join Gallagher Bassett under Manan Sagar's direction, who heads Gallagher Bassett's Europe, Middle East and Asia operations. The financial terms of the transaction were not disclosed.

This acquisition strengthens Gallagher Bassett's specialty capabilities globally in the marine and transit claims services sector.

Positive

• Expansion of specialty capabilities in marine and transit claims services
• Geographic expansion with offices in key markets (London, Singapore, US, Netherlands)
• Enhancement of global service offering to insurers and self-insured corporations

Negative

• None.

News Market Reaction

+2.38%

1 alert

+2.38% News Effect

On the day this news was published, AJG gained 2.38%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

ROLLING MEADOWS, Ill., Feb. 3, 2025 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced that its claims and risk management solutions subsidiary, Gallagher Bassett, has acquired W K Webster & Co Ltd (W K Webster). Terms of the transaction were not disclosed.

W K Webster specializes in marine and transit claims management, providing comprehensive services to insurers and self-insured corporations globally. W K Webster is headquartered in London with offices in Singapore, the United States and the Netherlands. The W K Webster team, led by Anthony Smith, will join Gallagher Bassett under the direction of Manan Sagar, head of Gallagher Bassett's Europe, Middle East and Asia operations.

"As a leader in marine and transit claims services, W K Webster brings longstanding market expertise and expands Gallagher Bassett's specialty capabilities globally," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am excited to welcome Anthony and his team to our growing Gallagher family of professionals."

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

What company did Arthur J. Gallagher (AJG) acquire in February 2025?

Arthur J. Gallagher's subsidiary, Gallagher Bassett, acquired W K Webster & Co , a specialist in marine and transit claims management.

What are the geographic locations of W K Webster's offices being acquired by AJG?

W K Webster has offices in London (headquarters), Singapore, the United States, and the Netherlands.

What specialty services does W K Webster bring to AJG's portfolio?

W K Webster specializes in marine and transit claims management, providing comprehensive services to insurers and self-insured corporations globally.

Who will lead the W K Webster team following the AJG acquisition?

The W K Webster team, led by Anthony Smith, will join Gallagher Bassett under the direction of Manan Sagar, head of Gallagher Bassett's Europe, Middle East and Asia operations.

What was the acquisition cost for AJG's purchase of W K Webster?

The financial terms of the transaction were not disclosed in the announcement.