Gallagher launches new brokerage in Taiwan under ex-WTW/Aon leader
Gallagher has launched a new insurance brokerage in Taiwan as part of its expansion plans in Asia. The business will be led by a former hire with experience in similar roles at WTW, Aon and Marsh.
Brian Wang (pictured), who joined Gallagher in 2022 to help set up in the country, has been appointed CEO of Taiwan.
Prior to joining Gallagher, Wang was managing director of WTW from 2019 to 2022 and in a similar role for Aon for eight years prior to that.
The business will form part of Gallagher’s Asia operations, which has grown over the last 18 months to include Japan and Hong Kong. Across the continent of Asia, Gallagher has teams based in Singapore, India, Malaysia, the Philippines and Indonesia.
Gallagher said its team of risk professionals based in Taiwan HQ Taipei specialise in property & casualty, marine, construction, cyber, trade credit, financial lines, energy plus employee benefits services.
Members from Gallagher Re’s global reinsurance business led by Jimmy Tsai, and representatives from its aviation team, which is part of its London-based Specialty division, will also be based with the team working with Wang. The team previously operated under the Alexander Leed brand, which has been established in the region since 2001 and brings local experience.
The creation of a new hub in Taiwan enables Gallagher to further expand its offering and provide tailored products and services from a team that understands the local trading environment, the company explained.
Commenting on the launch, Wang said: “I am thrilled to be leading Gallagher’s insurance and risk management offering to clients in Taiwan. The country has experienced strong economic growth over recent years and we have very active manufacturing, agriculture, financial and technology sectors so having an on-the-ground presence in Taipei presents strong expansion opportunities. In addition to working directly with Taiwanese businesses, as one of the world’s largest brokers with extensive access to global markets, Gallagher is well placed to work alongside other in-country brokers to support those looking to place insurance for more complex risks.”
Speaking of Gallagher’s expansion plans in Asia, Sarah Lyons, CEO of Australia and Asia, added: “Our launch in Taiwan marks another major milestone in Gallagher’s plans to expand in Asia. We first launched in the region in 2011 and have steadily grown our footprint through acquisitions, partnerships and organic growth. I am delighted with the calibre of the team we are bringing to clients in Taiwan and with our on-the ground experience in insurance, reinsurance and employee benefits we are well placed to quickly scale up our existing client base.”
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