Gallagher Bassett Acquires W K Webster to Enhance Claims Management Services
Deal News | Feb 04, 2025 | Re-Insurance News
Arthur J. Gallagher & Co., a prominent insurance brokerage and risk management firm, has announced the acquisition of W K Webster & Co Ltd by its subsidiary, Gallagher Bassett. W K Webster, renowned for its expertise in marine and transit claims management, boasts an international presence with offices in London, Singapore, the United States, and the Netherlands. The acquisition aims to bolster Gallagher Bassett’s claims management services globally, integrating the expertise of Anthony Smith and his team, who will report to Manan Sagar, head of operations in Europe, the Middle East, and Asia. With this strategic move, Gallagher Bassett enhances its global specialty capabilities, reinforcing its leadership in the claims management sector.
Sectors
- Insurance
- Marine and Transit
Geography
- United Kingdom – W K Webster is headquartered in London, UK, which is significant as a global maritime and insurance hub.
- United States – Arthur J. Gallagher & Co. is a U.S.-based firm, highlighting its role in this acquisition.
- Singapore – One of the operational locations for W K Webster, indicating their international reach in Asia.
- Netherlands – Another operational base for W K Webster, showing their presence in Europe.
Industry
- Insurance – The article discusses the acquisition of a company specializing in claims management, a key area within the insurance industry.
- Marine and Transit – W K Webster specializes in marine and transit claims, indicating an industry focus on this specific sector.
Financials
- Not Disclosed – The financial details of the acquisition have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Gallagher Bassett | Acquirer | Company | A subsidiary of Arthur J. Gallagher & Co., specializing in claims management services. |
| W K Webster & Co Ltd | Target Company | Company | A specialist in marine and transit claims management with a global presence. |
| Arthur J. Gallagher & Co. | Parent Company of Acquirer | Company | A leading insurance brokerage and risk management firm headquartered in the United States. |
| Anthony Smith | Incoming Executive | Person | Leader of the W K Webster team joining Gallagher Bassett. |
| Manan Sagar | Executive | Person | Leads Gallagher Bassett operations in Europe, the Middle East, and Asia. |
| J. Patrick Gallagher, Jr. | Chairman and CEO | Person | Chairman and CEO of Arthur J. Gallagher & Co. |