French shipping insurance broker Filhet-Allard Maritime is targeting Asian business by taking over Hong Kong-based rival Latitude Brokers.
The Bordeaux-based company has acquired a controlling stake in Latitude, with approval already in place from regulatory authorities in Hong Kong and Singapore.
No financial details have been disclosed.
The deal is described as the latest step in Filhet-Allard's continued global expansion plan, which already includes operations in Switzerland, Ivory Coast and Turkey.
