Arthur J. Gallagher Acquires Reck & Co. in Germany; Howden Expands with Polygon Insurance Brokers Ltd.; Clear Strengthens Portfolio with Gauntlet and Shire Insurance Services
Arthur J. Gallagher Acquires Germany’s Reck & Co.
Arthur J. Gallagher & Co., a prominent insurance brokerage based in Rolling Meadows, Illinois, has announced the acquisition of Reck & Co GmbH, a Bremen, Germany-based firm specializing in claims and risk management solutions. This acquisition is part of Gallagher Bassett, the company’s claims and risk management subsidiary.
While the financial terms of the transaction remain undisclosed, the acquisition is expected to enhance Gallagher Bassett’s service offerings in Europe. Reck & Co. is renowned for its expertise in global transport and marine claims services, which include surveying, claim handling, recovery, and loss prevention. The team at Reck & Co., led by Franz Kasten and Marc Friedrich, will continue to operate from their current location under the guidance of Manan Sagar, who oversees Gallagher Bassett’s operations in Europe, the Middle East, and Asia.
“Reck & Co. has a deep reputation in the global marine insurance market and will expand Gallagher Bassett’s claims service offerings in Europe,” stated J. Patrick Gallagher Jr., chairman and CEO. He expressed enthusiasm about welcoming Franz, Marc, and their team to Gallagher’s expanding global network.
<h3 style="text-align: center;">***</h3>
<p><strong>Howden Acquires Polygon Insurance Brokers Ltd. in Channel Islands</strong></p>
<p>Howden, a global insurance intermediary group, has announced the acquisition of Polygon Insurance Brokers Ltd. (PIBL), a retail insurance broker located in the Channel Islands. This strategic move aims to enhance Howden’s service capabilities for clients in Jersey and Guernsey, although the financial details of the deal have not been disclosed.</p>
<p>PIBL, formerly known as Vantage Insurance Brokers, specializes in providing tailored insurance solutions for the offshore financial services sector, high-net-worth individuals, family offices, and trust companies. Their expertise includes professional indemnity, financial institutions insurance, D&O, and cyber liability products.</p>
<p>Martin Ellis, managing director and global practice leader for Professional Services, commented, “The acquisition of PIBL strengthens our ability to service the full spectrum of clients in Jersey and Guernsey, from corporates to high-net-worth individuals.” He emphasized that combining PIBL’s strong local relationships with Howden’s global expertise will create better outcomes for clients.</p>
<p>Henry Mowbray, managing director of PIBL, added that joining Howden will allow PIBL to enhance its solutions and capabilities for clients, further solidifying Howden’s presence in the Channel Islands.</p>
<p>This acquisition follows Howden’s recent purchase of Guernsey-based ARM Holdings, a specialist in insurance captives, marking another step in its strategy to expand its business in the Channel Islands.</p>
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<p><strong>Clear Group Acquires Gauntlet and Shire Insurance Services</strong></p>
<p>Clear Group has made headlines with its acquisition of Gauntlet Appointed Representative Network (AR) and Gauntlet Retail Brokers, aimed at bolstering its Brokerbility offering for independent brokers across the UK. The financial specifics of this deal have not been disclosed.</p>
<p>Founded in Leeds in 1994 by Roger Gaunt, Gauntlet has established itself as a leading commercial insurance broker and national broker network. Gaunt will remain with the combined business, focusing on developing Brokerbility’s AR proposition and expanding membership.</p>
<p>Clear Group previously acquired Brokerbility in 2020, which has been led by John Dunn as managing director since 2022. The integration of Gauntlet is seen as a significant step in supporting entrepreneurial brokers.</p>
<p>In addition to Gauntlet, Clear Group also announced the acquisition of Shire Insurance Services (SIS), a specialist broker serving the UK veterinary sector. Established in 1981, Shire Insurance Services is recognized for its expertise and employs 15 staff members, placing approximately £7 million in gross written premium.</p>
<p>Mike Edgeley, group CEO of Clear Group, remarked, “Shire Insurance Services is a highly regarded specialist business with deep expertise in the veterinary sector. This acquisition aligns perfectly with our strategy of building leading specialist propositions within our UK Retail pillar.”</p>
<p class="tagtag">
<span class="tagtag">Topics</span>
<a href="https://www.insurancejournal.com/mergers/" class="btn btn-sm btn-primary tagtag" style="color: #fff; padding: 2px 8px; text-decoration: none; margin: 0 2px;">Mergers & Acquisitions</a>
<a href="https://www.insurancejournal.com/agencies/" class="btn btn-sm btn-primary tagtag" style="color: #fff; padding: 2px 8px; text-decoration: none; margin: 0 2px;">Agencies</a>
<a href="https://www.insurancejournal.com/company/ajg/" class="btn btn-sm btn-primary tagtag" style="color: #fff; padding: 2px 8px; text-decoration: none; margin: 0 2px;">A.J. Gallagher</a>
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Arthur J. Gallagher Acquires Germany’s Reck & Co.
Arthur J. Gallagher & Co., a prominent insurance brokerage based in Rolling Meadows, Illinois, has announced the acquisition of Reck & Co GmbH, a Bremen, Germany-based firm specializing in claims and risk management solutions. This acquisition is part of Gallagher Bassett, the company’s claims and risk management subsidiary.
While the financial terms of the transaction remain undisclosed, the acquisition is expected to enhance Gallagher Bassett’s service offerings in Europe. Reck & Co. is renowned for its expertise in global transport and marine claims services, which include surveying, claim handling, recovery, and loss prevention. The team at Reck & Co., led by Franz Kasten and Marc Friedrich, will continue to operate from their current location under the guidance of Manan Sagar, who oversees Gallagher Bassett’s operations in Europe, the Middle East, and Asia.
“Reck & Co. has a deep reputation in the global marine insurance market and will expand Gallagher Bassett’s claims service offerings in Europe,” stated J. Patrick Gallagher Jr., chairman and CEO. He expressed enthusiasm about welcoming Franz, Marc, and their team to Gallagher’s expanding global network.
<h3 style="text-align: center;">***</h3>
<p><strong>Howden Acquires Polygon Insurance Brokers Ltd. in Channel Islands</strong></p>
<p>Howden, a global insurance intermediary group, has announced the acquisition of Polygon Insurance Brokers Ltd. (PIBL), a retail insurance broker located in the Channel Islands. This strategic move aims to enhance Howden’s service capabilities for clients in Jersey and Guernsey, although the financial details of the deal have not been disclosed.</p>
<p>PIBL, formerly known as Vantage Insurance Brokers, specializes in providing tailored insurance solutions for the offshore financial services sector, high-net-worth individuals, family offices, and trust companies. Their expertise includes professional indemnity, financial institutions insurance, D&O, and cyber liability products.</p>
<p>Martin Ellis, managing director and global practice leader for Professional Services, commented, “The acquisition of PIBL strengthens our ability to service the full spectrum of clients in Jersey and Guernsey, from corporates to high-net-worth individuals.” He emphasized that combining PIBL’s strong local relationships with Howden’s global expertise will create better outcomes for clients.</p>
<p>Henry Mowbray, managing director of PIBL, added that joining Howden will allow PIBL to enhance its solutions and capabilities for clients, further solidifying Howden’s presence in the Channel Islands.</p>
<p>This acquisition follows Howden’s recent purchase of Guernsey-based ARM Holdings, a specialist in insurance captives, marking another step in its strategy to expand its business in the Channel Islands.</p>
<h3 style="text-align: center;">***</h3>
<p><strong>Clear Group Acquires Gauntlet and Shire Insurance Services</strong></p>
<p>Clear Group has made headlines with its acquisition of Gauntlet Appointed Representative Network (AR) and Gauntlet Retail Brokers, aimed at bolstering its Brokerbility offering for independent brokers across the UK. The financial specifics of this deal have not been disclosed.</p>
<p>Founded in Leeds in 1994 by Roger Gaunt, Gauntlet has established itself as a leading commercial insurance broker and national broker network. Gaunt will remain with the combined business, focusing on developing Brokerbility’s AR proposition and expanding membership.</p>
<p>Clear Group previously acquired Brokerbility in 2020, which has been led by John Dunn as managing director since 2022. The integration of Gauntlet is seen as a significant step in supporting entrepreneurial brokers.</p>
<p>In addition to Gauntlet, Clear Group also announced the acquisition of Shire Insurance Services (SIS), a specialist broker serving the UK veterinary sector. Established in 1981, Shire Insurance Services is recognized for its expertise and employs 15 staff members, placing approximately £7 million in gross written premium.</p>
<p>Mike Edgeley, group CEO of Clear Group, remarked, “Shire Insurance Services is a highly regarded specialist business with deep expertise in the veterinary sector. This acquisition aligns perfectly with our strategy of building leading specialist propositions within our UK Retail pillar.”</p>
<p class="tagtag">
<span class="tagtag">Topics</span>
<a href="https://www.insurancejournal.com/mergers/" class="btn btn-sm btn-primary tagtag" style="color: #fff; padding: 2px 8px; text-decoration: none; margin: 0 2px;">Mergers & Acquisitions</a>
<a href="https://www.insurancejournal.com/agencies/" class="btn btn-sm btn-primary tagtag" style="color: #fff; padding: 2px 8px; text-decoration: none; margin: 0 2px;">Agencies</a>
<a href="https://www.insurancejournal.com/company/ajg/" class="btn btn-sm btn-primary tagtag" style="color: #fff; padding: 2px 8px; text-decoration: none; margin: 0 2px;">A.J. Gallagher</a>
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