Gallagher Bassett Buys London-Headquartered W K Webster & Co.

Arthur J. Gallagher & Co. announced that its claims and risk management solutions subsidiary, Gallagher Bassett, has acquired W K Webster & Co Ltd.

W K Webster specializes in marine and transit claims management, providing comprehensive services to insurers and self-insured corporations globally. Subsidiaries of W K Webster, which include ITAL, ISA, Seawise, and Pandi Claims, are also included in the transaction.

W K Webster is headquartered in London with offices in Singapore, New York and Rotterdam.

Terms of the transaction were not disclosed.

W K Webster’s CEO Anthony Smith will continue to lead the company with his existing leadership team, under the direction of Manan Sagar, head of Gallagher Bassett’s Europe, Middle East and Asia operations.

“As a leader in marine and transit claims services, W K Webster brings longstanding market expertise and expands Gallagher Bassett’s specialty capabilities globally,” said J. Patrick Gallagher Jr., chairman and CEO, of Arthur J. Gallagher & Co., based in Rolling Meadows, Illinois.

“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,” commented Sagar.

Source: Arthur J. Gallagher & Co.