Gallagher Buys NetClaim, a Claims Management Firm, from NAVEX

Arthur J. Gallagher & Co., the global insurance brokerage and consulting firm, said its claims and risk-management subsidiary, Gallagher Bassett, has acquired Georgia-based NetClaim from NAVEX.

NetClaim, in Norcross, Georgia, provides first-notice-of-loss and first reports of injury for clients, including carriers and third-party administrators across the United States, the companies said in a statement. NAVEX, part of NAVEX Global, produces risk and compliance management software.

Terms of the purchase agreement were not disclosed.

“NetClaim’s expertise in claims intake services will enhance Gallagher Bassett’s incident management capabilities and deliver superior outcomes for our clients,” said J. Patrick Gallagher, Jr., Chairman and CEO.

AJG is publicly traded and is based in Rolling Meadows, Illinois.