24 May '11, 3pm

Singapore acquisition keeps A J Gallagher growing: Arthur J. Gallagher & Co. acquired ITI Solutions Pte., based

ITASCA, Ill. (AP) — Arthur J. Gallagher & Co. acquired ITI Solutions Pte., based in Singapore, extending a buying spree aimed at extending the company's global reach. The terms of the deal were not disclosed. Gallagher, a global insurance brokerage and risk management firm based in Itasca, Ill., said early Tuesday that ITI will be renamed Gallagher Singapore. ITI's current management team will stay on, and will report to David Ross, CEO of Gallagher's London-based international brokerage operation, Gallagher said. "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," Chairman, President and CEO J. Patrick Gallagher Jr., said in a statement. ITI is a specialist broker with expertise in marine cargo, political risk, trade credit risk and other specialty lines, Gallagher said. G...

Full article: http://sg.news.yahoo.com/singapore-acquisition-keeps-j-ga...

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