AJG appoints new MD in Asian regional hub

Broker Arthur J Gallagher (AJG) has appointed a new managing director in its Singapore office, which it regards as its regional hub for Asia.

Dick Heath was previously New South Wales state manager at AIG before joining AJG Australia in 2013. He will continue to be involved in Australia as head of FinPro Asia Pacific.

He replaced Freddie Lim, the founder of ITI, which was bought by AJG in 2011. Lim will remain with the business as a director and trade credit and political risk practitioner.

Heath now heads a 15-strong team of specialists focused on retail marine cargo and trade credit, wholesale property and energy, and reinsurance.

John Hastings-Bass, chairman of AJG Asia-pacific, said: “Asia represents a strong business development opportunity for the international divisions of Arthur J. Gallagher and our experts in Singapore have created a first-class platform for further expansion. Each has an in-depth knowledge of the local market and Dick’s own specialty line expertise, together with his proven leadership skills, will ensure we maximise the potential for profitable growth across the region.”