Lim, Ross and Hastings-Bass
Insurance broker Arthur J Gallagher has acquired Singaporean broking house ITI Trade Solutions.
The new firm will trade under the name Gallagher Singapore as a subsidiary of Arthur J. Gallagher International.
The representative office will be headed up by Freddie Lim who was chief executive officer of ITI.
Gallagher Singapore will offer clients broking services across a number of sectors including trade credit insurance, political risk and marine cargo.
“The team at ITI is very excited to have joined the Gallagher family of companies at this crucial time in the firm’s development,” says Freddie Lim.
John Hastings-Bass, chairman of international development at Gallagher UK adds: “Establishing our representative office in Singapore is the next step in our expansion and underscores the commitment to serving our international client base and their investors worldwide. Singapore is a vital hub of activity for us and we are tremendously pleased to have an office which will allow us to be closer to our Asian clients.”
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