Price Forbes appoints Heath to lead reinsurance and wholesale in Singapore

Price Forbes has appointed Dick Heath as head of reinsurance and wholesale in Singapore, continuing the expansion of its Asia-Pacific platform.

Heath will report to Philip Johnson, CEO of Price Forbes Asia Pacific, and takes up the role with immediate effect.

Price Forbes said Heath will be responsible for leading and developing its reinsurance and wholesale proposition in Singapore, as the broker looks to capture growth opportunities across a rapidly evolving regional market.

The appointment forms part of Price Forbes Singapore’s broader organisational structure, which operates across three centres of excellence.

These include reinsurance and wholesale, specialty and retail, and marine, credit and political risk.

The model is designed to provide dedicated focus within each segment while supporting the platform’s continued expansion.

Heath brings more than 40 years of broking and underwriting experience to the role.

He has spent the past 12 years in Singapore and is a well-known figure in the Asia-Pacific reinsurance and insurance markets.

He joins Price Forbes from Gallagher, where he most recently served as CEO, Asia.

Prior to that, he played a central role in building Gallagher’s regional footprint as managing director of its Singapore hub.

Johnson said the appointment would strengthen Price Forbes’ leadership bench in Asia.

“We are delighted to welcome Dick to Price Forbes,” he said.

“His calibre, leadership skills and reputation speak for themselves.

“His extensive local market knowledge and proven track record will play a pivotal role in driving the explosive growth and market-leading culture we are on track to deliver as the pre-eminent specialty broker in Asia,” Johnson added.

Heath said the pace of development at Price Forbes and in the wider APAC market made the move particularly compelling.

“I’m extremely pleased to join Price Forbes Singapore at a time of such rapid development for both Price Forbes and the APAC market,” he said.

“I’m impressed by the ambition and momentum of the business and I look forward to working with a team of like-minded people to build a first-class reinsurance and wholesale proposition for clients across the region.”