Arthur J. Gallagher & Co., a global insurance brokerage, risk management, and consulting services firm, has announced that its claims and risk management solutions subsidiary, Gallagher Bassett, has acquired Reck & Co GmbH (Reck & Co.).
Based in Bremen, Germany, 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.
J. Patrick Gallagher, Jr., Chairman and CEO, said, “Reck & Co. has a deep reputation in the global marine insurance market and will expand Gallagher Bassett’s claims service offerings in Europe.
“I am excited to welcome Franz, Marc and their associates to our growing, global team.”
Arthur J. Gallagher & Co. also recently released its results for the fourth quarter of 2025, reporting total revenue before reimbursements of $3.6 billion, up from $2.7 billion in Q4 2024. The core brokerage and risk management segments combined delivered revenue growth of more than 30%, including organic growth of 5%.
