Chaucer and Price Forbes Bolster Leadership: Strategic Appointments in APAC

Chaucer Group and Price Forbes Make Significant Moves in Leadership

As the insurance and reinsurance industry sees substantial growth across the Asia-Pacific (APAC) market, two key players, Chaucer Group and Price Forbes, have recently appointed noteworthy leaders to elevate their regional operations. These strategic moves signify a commitment to harnessing local expertise in response to evolving market demands.

Les Loh Joins Chaucer Group as CEO for Singapore

Les Loh has been appointed as the new Chief Executive Officer of Chaucer Singapore, effective March 2, 2026, pending regulatory approval. His extensive experience in the insurance market spans over 27 years, making him a well-recognized figure in the APAC region. He will report to Angus Milgate, global head of distribution.

Previously held by Margaret To, who contributed significantly during her tenure, Loh's leadership is expected to steer Chaucer towards a more robust position within the competitive Singapore market. Before joining Chaucer, Loh served as CEO at Guy Carpenter, where he honed his skills in broking and underwriting.

Dan Bryan to Head Reinsurance in Asia Pacific

Alongside Loh's appointment, Chaucer also announced Dan Bryan as the new Head of Reinsurance for the APAC region. Bryan’s two decades of experience includes strategic roles at AXA XL and Aspen Insurance Group, enhancing Chaucer’s oversight capabilities in reinsurance operations across Asia.

Richard Milner, Chaucer's CEO, emphasized the importance of attracting talent with deep regional expertise, stating, "Les and Dan's appointments will significantly enhance our capabilities as we look ahead to the next phase of growth, particularly within the APAC market." This focus on local expertise is crucial as the sector continues to expand.

Price Forbes Appoints Dick Heath for Growth Opportunities

In a parallel development, Price Forbes announced the appointment of Dick Heath as the Head of Reinsurance and Wholesale in Singapore. Heath brings over 40 years of experience in broking, with 12 years specifically in the Singaporean market, demonstrating a rich history of leadership following his recent role as CEO of Gallagher Asia.

The restructuring of Price Forbes into specialized areas reflects a calculated strategy to capture growth opportunities in the market. Heath will lead the reinsurance and wholesale segment to maximize growth and address the rapidly changing landscape.

Philip Johnson, CEO of Price Forbes Asia Pacific, touted Heath's expertise, emphasizing his role in driving the explosive growth now underway. Heath's reputation and extensive local market knowledge make him well-suited to foster a thriving working environment and strengthen client offerings across the region.

Implications for the Reinsurance Sector

The recent appointments at Chaucer and Price Forbes highlight a wider trend in the insurance and reinsurance sector aimed at localizing leadership to better serve client needs. Both companies are positioning themselves to meet the demands of a rapidly transforming market, emphasizing the need for specialists who understand regional dynamics.

This reorganization is not just a reflection of internal company strategies but also mirrors global trends where companies are increasingly localized in their approach, recognizing the importance of cultural and market nuances. By integrating seasoned professionals with deep roots in the local market, these organizations are set to enhance their competitive edge in the crowded APAC insurance landscape.

Final Thoughts

The changes in leadership at Chaucer Group and Price Forbes serve as reminders of the vitality of adapting to market needs while leveraging local expertise. As these companies embark on this new chapter, staying attuned to the evolving landscape will be crucial for their success. The increasing importance of tailored reinsurance solutions offers a significant opportunity for growth.

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