Gallagher has bought Singapore broker ITI Solutions.
The acquisition will have the trading name Gallagher Singapore, and will be led by Freddie Lim, previously chief executive of ITI.
The full terms of the acquisition have not been disclosed.
Gallagher Singapore will work in the marine cargo, political risk and trade credit insurance sectors. It also has a separate Asian reinsurance licence.
Gallagher (UK) chairman of international development John Hastings-Bass said: “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.”
Lim said: "The team at ITI is very excited to have joined the Gallagher family of companies at this crucial time in the firm’s development."
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