Deals: Gallagher Bassett Buys WKW

The latest acquisitions news from Gallagher Bassett;

Gallagher Bassett (GB), a subsidiary of Arthur J. Gallagher & Co. (NYSE: AJG), has acquired W K Webster & Co Ltd. (WKW), a leading global marine and transit claims management firm, expanding GB’s specialty offerings. Subsidiaries of WKW—including ITAL, ISA, Seawise, and Pandi Claims—are also included in the transaction. 

The acquisition expands GB’s robust claims and risk management solutions, adding marine claims capabilities to the growing list of specialty offerings the company provides globally. WKW, established in 1861, is renowned for its expertise and serves a global clientele from key locations including London, Singapore, New York, and Rotterdam. 

Manan Sagar, CEO of GB Europe, Middle East and Asia, stated,

“We are thrilled to welcome W K Webster to Gallagher Bassett, their expertise in marine and transit claims adds significant capability to our portfolio of claims management, legal, loss adjusting, and consultancy solutions. This expansion ensures our clients have access to an unparalleled range of services.”

WKW CEO Anthony Smith will continue to lead the company following the transaction, alongside his existing leadership team. Mr. Smith commented on WKW and GB’s bright future as partners,

“This acquisition marks a major milestone in the history of W K Webster, and we are eager to leverage our decades of expertise in marine and transit claims to benefit W K Webster and Gallagher Bassett’s clients worldwide. Together, we will continue to deliver exceptional service and innovative solutions.”