Lockton has named Shuh Fang Huang (pictured) as regional head of consulting for its People Solutions unit in Asia, effective March 24.
She will be based in Singapore and report to Cedric Luah, Lockton’s regional head for People Solutions in the region.
With over 30 years in the insurance sector, Huang brings extensive experience in developing employee benefits and risk advisory services across Asia Pacific and international markets. Her previous roles include spearheading benefits consulting practices in China and the US, where she focused on multinational client solutions and risk strategies.
Huang began her career as a broker in specialty lines, including fine arts and travel insurance. She later transitioned into underwriting, handling tailored risk products for global corporates.
In her new position at Lockton, she will lead the development of advisory offerings aligned with evolving employer needs and regulatory environments in Asia.
The new addition to the People Solutions team follows the appointment of Lesley Jamieson as regional senior vice president of operations for Asia.
Operating from Hong Kong, Jamieson reports to regional COO Philip Corrigan and is tasked with optimising internal processes and enhancing operational consistency across regional offices.
These leadership changes come as businesses in Asia and globally contend with shifting risk priorities.
The 2025 Allianz Risk Barometer report identified cyber incidents – including ransomware, data breaches, and IT outages – as the foremost concern among corporate risk managers, topping the global risk ranking for a fourth consecutive year.
The survey, based on responses from over 3,700 professionals in 106 jurisdictions, also highlighted business interruption and natural catastrophes as the second and third leading risks, respectively. Climate change climbed to fifth place, the highest level since the survey began.
Business interruption remains closely linked to other major events, such as supply chain disruptions, extreme weather, and geopolitical conflicts.
Insured losses from natural catastrophes have surpassed US$100 billion annually for five consecutive years, with significant weather events in Asia contributing to the ongoing toll. These trends have pushed climate risks higher on corporate agendas, with rising regulatory scrutiny and stakeholder pressure playing a role.
Regulatory changes now rank as the fourth top concern globally, particularly in areas like data protection, climate disclosures, and industrial policy.
Geopolitical instability, while ninth overall, has risen in importance for larger firms. Allianz’s chief investment officer Ludovic Subran warned that new trade restrictions and tariffs could elevate operational costs and disrupt global trade patterns.
