Gallagher Bassett, the risk management services arm of US-based insurance broker Arthur J. Gallagher, has acquired HMG-PCMS, a unit of HM Group, for an undisclosed sum.
Staffordshire-based HMG-PCMS offers property repair services to insurers as well as commercial third-party claims administrators.
The business offers cover for water, fire, flood, subsidence and structural impact damage. It also offers validation, repudiation, and audit.
As part of the deal, HMG-PCMS head Nic Sproul along with his team will report to Gallagher Bassett UK business CEO Simon Pemberton.
However, the team will continue to be based at their existing location.
Gallagher Bassett Services president and CEO Scott Hudson said: “HMG-PCMS has a highly skilled service team that will enable GB-UK to expand its recently introduced property repair management service.
“We are very pleased to welcome Nic and his associates to GB’s growing global team.”
Earlier this month, Arthur J. Gallagher expanded presence in various markets across the globe.
These include the acquisition of the sole ownership of reinsurance broker IBS Re Singapore and a 40% stake in Indonesian insurance broker PT IBS Insurance Broking Service.
This month, Arthur J. Gallagher also announced the acquisition of UK’s Pavey Group as well as New Zealand’s Boston Marks Insurance.