Lockton International launches APAC transactional risk division

Insurance broker Lockton has launched an Asia Pacific (APAC) transactional risks division with two senior appointments. Will Seccombe has been appointed business leader based in Hong Kong, with Mindy Ng as vice president based in Singapore.

Seccombe and Ng both arrive to Lockton from Jardine Lloyd Thompson (JLT). Seccombe, a 30-year veteran in the insurance sector, was most recently managing director of JLT mergers and acquisitions group in Asia. Overall, he has 10 years’ experience leading insurance teams in the APAC region, as well as managerial roles in Japan and South Korea.

Ng’s was most recently working with JLT in Singapore. Prior to that, Ng worked with major legal and financial services firms. They will both be joined by Julianna Yong, currently based in Lockton Singapore. Yong has several years of private legal practice experience, both in Singapore and internationally.

The new dedicated APAC transactional risk team will be complemented and supported by Lockton’s transactional risk teams based in New York, London and Oslo, providing clients and the M&A community in the APAC region and internationally with a global solution for transactional-related risks. The team will work with clients on a number of products and services including representations and warranties insurance, tax liability and deal-specific risk management, and financial institutions insurance.

The creation of this new business unit is the next step in Lockton’s strong growth plans within the APAC region. Transactional risk will help the business increase its geographic footprint and will build on its existing presence in the region by adding additional specialist capabilities.

Warren Merritt, CEO of Lockton Asia Pacific, said: “We are delighted to appoint Will and Mindy in these new roles. With their market experience and expertise, combined with our international teams based in Europe and the US, they will bring substantial opportunity and growth to our APAC business and contribute to our global focus in this specialty area.

“The APAC region’s insurance sectors are made up of both mature markets and developing markets which are at various stages in their respective development. Lockton see a huge opportunity to enter new geographies in the region while also enhancing Lockton existing APAC businesses though the acquisition of personnel and expansion into new specialty business areas in those markets.”

Neo Combarro, partner, global professional & financial risks at Lockton, said: “This new dedicated APAC team continues our commitment to service our clients and the M&A community in every continent.”

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