Gallagher shakes up Asia leadership

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Gallagher has made changes to its Asian leadership roster, with Thomas Wang (pictured above) named CEO of North Asia, Leng Leng Ng appointed as CEO of Singapore, and current CEO of Asia Dick Heath taking on an additional role as executive chairman of Singapore.

Wang will be initially based in Singapore and report to Vyvienne Wade, chairperson of global broking in Europe, Middle East and Asia. He will focus on building a client base in Hong Kong, Taiwan, South Korea and Japan. He joined Gallagher from Germany-based broker Funk Group, where he spent the last 25 years. Wang was most

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Innovation helping construction sector clean up its carbon footprint

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Innovation, technology, and digitalisation are helping the construction industry to clean up its carbon footprint, according to Richard Gurney (pictured), global head of construction at Marsh Specialty. And the resulting data to come out of digitalised processes is helping to not only transform design and construction, but also the insurance and risk management solutions that support the critical industry.

“One thing you hear a lot of talk around now is the ‘whole life’ approach, which focuses on: What does the life span of a building look like? And, what are we going to do with it afterwards? If we’re going

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Gulf Insurance Group profits skyrocket 242%

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Gulf Insurance Group (GIG) has announced a profit of US$148.5 million (SG$200.9 million) for the first nine months of 2021, up by 242% from the same period last year.

GIG attributed the strong growth to the improvement of its underwriting and investment performance results, as well as to the profits that arose from the acquisition of AXA’s operations in the Gulf region.

In September, GIG completed the buyout of AXA’s businesses in the region, in a deal valued at US$264 million. It involved AXA’s 50% stake in AXA Gulf, which operates in Bahrain, the UAE, Oman and Qatar, and a

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A decade to complete Open Banking objectives

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New research reveals that in spite of growing positivity, the complete implementation of Open Banking will take financial institutions many years to realise.

The survey of 308 executives across 12 countries found that four in ten (40%) believe it will take their institution between 5-10 years to realise its OB objectives, and a further 37% believe it could take over a decade.

These cautious timescales reflect the size of the task at hand, with many organisations embarking on complex, large-scale open banking transformation projects that will take several years to realise.

Of those surveyed, executives in Spain (37%), Italy (34%),

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