Gallagher Bassett acquires Adjusting Associates for UK expansion

Risk management firm Gallagher Bassett (GB) is acquiring the assets of loss adjusting and claims management firm Adjusting Associates to further expand its size and offerings in the UK.

Wales-based Adjusting Associates provide services to London Market clients, predominantly managing domestic, commercial, liability and business interruption claims. It primarily serve businesses in the UK, as well as in the Republic of Ireland, France, Portugal, Italy and Spain.

Following the deal, the Partners of Adjusting Associates Stephen Sheppard, Andrew Swan and their associates will continue to operate from their current location, reporting to Simon Pemberton, CEO of Gallagher Bassett’s UK operations.

“This is an exciting acquisition for Gallagher Bassett, further developing our services for current and future clients. It presents a fantastic opportunity for us to expand our presence in the London market.” said Pemberton. “We are delighted to welcome Stephen, Andrew and the team into Gallagher Bassett’s growing global team.”

Sheppard and Swan said: “Adjusting Associates joining Gallagher Bassett provides an excellent opportunity to continue and enhance its ongoing expansion in the current UK market. All the staff at Adjusting Associates LLP are very excited and optimistic to be joining the Gallagher Bassett team.”

Get all the latest re/insurance industry news with our daily newsletter -  sign up here.

Swiss Re ReAssure strikes £425m acquisition deal after IPO suspension

Berkshire Hathaway’s reinsurance reports significant losses in Q2 and H1 2019 

Allianz on track for 2019 targets as second quarter profits up 13.1%

Chubb names new Latin America leader

Barbican snags new professional indemnity head from Pioneer

Feature article:  15 ways technology is transforming insurance… and five to watch