Arthur J. Gallagher acquires Singapore broker

Arthur J. Gallagher acquires Singapore broker    Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm headquartered in Itasca, Ill., said Tuesday it has acquired ITI Solutions Pte Ltd., located in Singapore.
   ITI is a specialist insurance broker with expertise that includes marine cargo, political risk, trade credit risk and specialty lines. In addition, they are licensed to place business in the regional Asian reinsurance markets. Going forward, ITI will trade internationally as Gallagher Singapore.
   “Part of our international growth strategy is to build a stronger presence in key global hubs. Gallagher Singapore will allow us direct access to our Asian clients and at the same time, provide us with a platform for future growth in the region,” said J. Patrick Gallagher Jr., chairman, president and chief executive officer.