Workflow
Insurance solutions for offshore financial services
icon
Search documents
Business Moves: Arthur J. Gallagher Acquires Germany’s Reck & Co.; Howden Buys Polygon Insurance Brokers Ltd.; Clear Purchases Gauntlet and Shire Insurance Services
Insurance Journal· 2026-02-04 17:43
Group 1: Arthur J. Gallagher Acquires Reck & Co. - Arthur J. Gallagher & Co. has acquired Reck & Co. GmbH, a specialist provider of global transport and marine claims services based in Bremen, Germany [1][2] - The acquisition is expected to enhance Gallagher Bassett's claims service offerings in Europe, leveraging Reck & Co.'s strong reputation in the global marine insurance market [3] - The Reck & Co. team will continue to operate under their current leadership, ensuring continuity in service delivery [2] Group 2: Howden Acquires Polygon Insurance Brokers Ltd. - Howden has acquired Polygon Insurance Brokers Ltd. (PIBL), a retail insurance broker in the Channel Islands, to strengthen its service capabilities in Jersey and Guernsey [3][4] - PIBL specializes in insurance solutions for the offshore financial services sector, high net worth individuals, and family offices, focusing on professional indemnity and cyber liability products [5][6] - The acquisition is part of Howden's strategy to expand its business in the Channel Islands, following its recent purchase of ARM Holdings [8] Group 3: Clear Group Acquires Gauntlet and Shire Insurance Services - Clear Group has acquired Gauntlet Appointed Representative Network and Gauntlet Retail Brokers to enhance its Brokerbility network for independent brokers in the UK [11][12] - The acquisition of Shire Insurance Services, a specialist broker in the veterinary sector, adds to Clear Group's portfolio and expertise in this niche market [19][21] - Both acquisitions aim to provide better support and resources for independent brokers, facilitating their growth and operational efficiency [16][18]