Arthur J. Gallagher & Co., a global insurance brokerage, risk management and advisory services company, announced that its claims and risk management solutions subsidiary Gallagher Bassett has acquired Reck & Co GmbH (Reck & Co.).
Headquartered in Bremen, Germany, Reck & Co. is a specialist provider of global transport and marine claims services, including surveying, claims processing, recovery and loss prevention.
The Reck & Co. team, led by Franz Kasten and Marc Friedrich, will remain in its current location under the direction of Manan Sagar, head of Gallagher Bassett’s Europe, Middle East and Asia operations.
J. Patrick Gallagher, Jr., chairman and chief executive officer, said: “Reck & Co. has a strong reputation in the global marine insurance market and will expand Gallagher Bassett’s claims services in Europe.
“I am delighted to welcome Franz, Mark and their colleagues to our growing global team.”
Arthur J. Gallagher & Co. also recently released results for the fourth quarter of 2025, reporting total revenue before reimbursement of $3.6 billion, up from $2.7 billion in the fourth quarter of 2024. Revenue growth in the core brokerage and risk management divisions combined exceeded 30%, including 5% organic growth.