Howden Names New Hong Kong CEO as Asia Expansion Continues

Howden has appointed Alaric Lee as chief executive officer for Hong Kong, succeeding Alfred Sham, who will relocate to Singapore as chief strategy officer for Asia, the global insurance intermediary group said. The Howden Hong Kong CEO appointment remains subject to regulatory approval.

Lee currently serves as chief commercial officer for Asia and brings extensive industry experience including more than a decade working in Hong Kong’s insurance sector. Sham led Howden’s Hong Kong operations during the past two years, a period in which the business doubled in size.

Founded in 1994, Howden provides insurance, reinsurance and underwriting services to clients ranging from private individuals to multinational corporations. The group operates across 57 countries, employs more than 24,000 people and manages more than USD50bn in premiums globally.

The leadership changes reflect continued expansion in Asia’s insurance and risk advisory markets as demand grows among corporations, private clients and wealthy families for cross-border protection and advisory services.