Gallagher Bassett (GB), a subsidiary of Arthur J. Gallagher & Co., announces the acquisition of Reck & Co. GmbH, a Bremen, Germany-based claims service provider specialising in transportation and marine. The head office of Reck & Co. is located at Am Weser-Terminal 1, 28217 Bremen, Germany. The company delivers surveying, claim handling, recovery and loss prevention services to a global clientele from its offices across Europe, utilising a partner network of 250 organisations. Founded in 1848, the firm has been a Lloyd’s Agent since 1891. Following the acquisition, business leaders Franz Kasten and Marc Friedrich remain in their current positions and location under the direction of Manan Sagar, CEO of GB Europe, Middle East and Asia (GB EME&A). The deal marks a significant step in GB’s growth strategy for the marine sector, following the company’s acquisition of global marine and transit claims manager WK Webster in 2025. Franz Kasten says: “Reck & Co. and Gallagher Bassett are both committed to designing tailored solutions that achieve quality outcomes, and the philosophy that client satisfaction is the best measure of success. It is this cultural alignment that assures me we will accomplish great things together”. Manan Sagar comments: “Our objective is to establish ourselves as the leading global provider of marine and transit claims management solutions. The acquisition of Reck & Co. adds scale and efficiency to our existing marine claims offering while also enhancing capabilities in recoveries, loss prevention and risk assessment”. Sagar adds: “Reck & Co. also brings a strong geographic foothold in Europe, allowing us to offer our clients more comprehensive, localised solutions throughout the continent”. Matt Foote, global head of mergers and acquisitions at GB, notes: “Our M&A approach is an integral part of our long-term growth plans, especially in marine. GB will continue to prioritise opportunities which support our strategy and align with our core values”.
