Wednesday, July 24, 2024

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WTW hires Adrian Chua as APAC regional lead for captives

WTW has appointed Adrian Chua as APAC regional lead for captive & insurance management solutions, strengthening the captive manager’s presence in the region.

Chua brings 20 years of insurance business experience, including recent roles as chief financial officer and chief strategy officer at Cigna Singapore.

He is a committee member with the Institute of Singapore Chartered Accountants, providing insights to the Insurance Committee and the IFRS 17 Workgroup.

“Adrian’s experience and insights will be critical in bringing our captive and alternative risk transfer solutions to meet companies’ risk financing needs in this region,” WTW said.

WTW’s appointment of Chua follows the news back in May that previous WTW director of captive and insurance management for Asia Pacific, Lawrence Bird had left the broker to join Marsh Captive Solutions in the newly created role of captives consulting leader, Asia.

Bird began working for Marsh last month and will be leading strategic client conversations on captives across the region, including feasibility studies, strategic captive reviews, and long-term captive strategies for clients.

Asia remains a key growth area for captives. Three new captives were established in Singapore in 2022 with five formed in Labuan.

For more captive domicile statistics, visit the Captive Intelligence data page.