Gallagher Bassett Expands Global Presence in Asia-Pacific

Home to nearly one-third of the world’s population, several of the fastest growing economies and multiple countries with rapidly expanding populations, the Asia-Pacific region continues to present varying challenges for insurance carriers, managing general agents, captives, commercial organisations, and government entities across the region. 

Based in Singapore, Mr Wong will lead Gallagher Bassett’s expansion of risk and claims solutions across the region and the deployment of tailored client solutions to its existing global, regional and Asia-Pacific clientele.

“We are witnessing a rapidly changing world, from market hardening, rising cost of risk, distribution and underwriting, and shifts to employment and operational delivery in commercial sectors – all while the insurable world continues to grow,” says Mr Wong.

“Our expanded presence across Asia will allow us to better support our client’s needs locally, drawing on our global expertise and multi-disciplinary team.”

The Asia-Pacific insurance industry is experiencing upward growth, largely driven by China and buoyed by positive performance in South Korea. Mr Wong says the greatest opportunity for Gallagher Bassett will be rising to the region’s shifting expectations and demographics.

Gallagher Bassett Executive Vice President – International, Jon Winsbury says the expansion is an exciting step in the company’s growing presence in the Asia-Pacific region.

“We’re thrilled to announce the appointment of Ming Wong as Senior Vice President – Asia to enhance our on-the-ground service offering and build on our exceptional reputation in the Asia-Pacific region,” says Mr Winsbury.

“With the insurance industry in the Asia-Pacific riding a strong growth spurt, Gallagher Bassett is well-equipped to maximize claims outcomes for new and existing clients.”

Last month, Gallagher Bassett was awarded Corporate Social Responsibility Program of the Year and Marketing Innovation of the Year at the Asia Insurance Awards.

Mr Wong comes to Gallagher Bassett with over 25 years’ experience in the financial services industry, including senior roles at Prudential Assurance Corporation, Aviva Asia and IC Frith & Associates.

To connect with Mr Wong, reach out to him via LinkedIn or submit your enquiry here.

jon winsbury

Jon Winsbury

More Posts

Insights

Navigating the Specialty Industry: Insights from the Target Markets Annual Summit

Join our Carrier Practice experts as they discuss the highlights and insights from the 2023 Target Markets Annual Summit. Team members Amy O’Brien, Caryn Siebert, and Jon Stambaugh, as well as Kirsten Mickelson and Doug Betkowski of GB Specialty, share their key observations around what is driving growth in the ever-evolving MGA, PA, and specialty program space.

Read more
Insights

The Hidden Capital Opportunity in Older Claims Programs

Persisting inflationary pressures have left many carries under pressure to optimize operations and growth. But, there is one potentially overlooked opportunity to unlock capital. Read our latest article to learn more about the hidden capital opportunity in older claims programs with the support of a strategic partner.

Read more
Insights

Unpacking the CLM Construction Conference

The recent CLM Construction Conference stands to be one of the largest gatherings of insurance and litigation professionals, and this year our experts shared their insights on the use of technology to reduce risk, the impact of excessive verdicts in the construction industry, and strategic approaches for the settlement or trial of construction defect cases.

Read more

Keep your finger on the pulse of the latest industry news and insights.

Sign up to our monthly newsletter today.

Search

Hi there!

Want to drop us a line?  You can get in touch by filling out the form below and we’ll get back to you as soon as possible!