Lockton has appointed two senior executives to its Asia People Solutions business, adding reinsurance and human capital leadership after several years of double-digit global revenue growth.
Effective Feb. 9, Subhash Chandra (pictured right) has taken on the role of head of Life & Health Reinsurance – People Solutions, Asia. He is based in Singapore and reports to Cedric Luah, head of People Solutions – Asia. Chandra is responsible for developing Lockton’s life and health reinsurance business for insurers across Asian markets. His remit includes designing and structuring reinsurance programs; advising on facultative placements; and working with carriers on product, risk, and capital considerations in light of changing demographic, regulatory, and economic conditions in the region.
Chandra has more than 18 years of life and health reinsurance experience in Asia and has held senior positions at Munich Re, Aon Reinsurance Solutions, and Pacific Life Re. In those roles, he advised insurers and reinsurers on product strategy, portfolio management, and risk frameworks in multiple markets. He will work with Lockton’s regional leadership and placement teams to align reinsurance structures with insurers’ evolving needs in areas such as protection, health, critical illness, and group benefits. His role also links life and health reinsurance activities with the wider People Solutions advisory practice.
On the same effective date, Lockton appointed Julian Park (pictured left) as head of People Solutions, South Korea. Park is based in Seoul and joins both the South Korea management team and the Asia People Solutions leadership team. He reports to Ben Son, president and CEO of Korea, and to Luah in his regional role. Park has been assigned to establish and lead Lockton’s People Solutions capability in the Korean market. He will coordinate with regional specialists to provide employee benefits, health and risk solutions, and workforce-related advisory services to Korean corporates and multinational clients operating in the country.
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Park will also advise local management on human resources and talent matters. Park’s career spans consulting and in-house HR leadership, including serving as head of Health Solutions at Aon Korea, head of human resources at Marsh and Aon, and senior HR roles at Oracle. His experience includes M&A integration, organisational design, HR transformation, change management and rewards, as well as advising on health and risk programs in Korea’s regulated and unionized labour environment. Lockton says the establishment of a dedicated People Solutions leadership role in South Korea is intended to organise and expand its people-related consulting and brokerage services in one of Asia’s larger employee benefits and group insurance markets.
The appointments of Chandra and Park form part of Lockton’s efforts to increase its People Solutions presence in Asia, where insurers and employers are adjusting benefit designs, wellness programs, and workforce risk management in response to regulatory and market developments. Commenting on the appointments, Luah said: “Subhash and Julian’s appointments mark an important step forward in elevating our People Solutions presence across Asia. As we continue to scale our capabilities, bringing in leaders with their depth of expertise and track record strengthens our ambition to build a truly best in class offering for our clients. Their sharp market insight and shared commitment to delivering high impact solutions will further enhance our ability to support organizations as they navigate an ever-changing people landscape.” For insurers, the roles indicate an increased focus on linking life and health reinsurance with corporate benefits and people risk advisory work across the region. For corporate risk and HR leaders, the Korean appointment adds another international broker to the group of firms offering combined benefits, health, and talent-related services in Asia’s major markets.
The Asia appointments follow Lockton’s reported global revenue of US$4 billion for the fiscal year ending April 30, 2025. The company said this represented a five-year compound annual growth rate of more than 16% and its fifth consecutive year of double-digit organic growth. For fiscal 2025, global revenue increased 13%, driven largely by organic expansion. International operations exceeded US$1 billion in revenue, growing 15% in constant currency and recording a fourth consecutive year of double-digit growth. US operations generated US$2.7 billion in revenue, up 11%, which the company said was its seventh straight year of double-digit organic growth.
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Lockton Re reported 29% year-over-year revenue growth, while the firm’s transaction liability practice increased revenue by 59% and completed a record number of transactions. Under International CEO Chris Brown, Lockton has expanded its international presence, including its largest investment in Asia to date in India and additional capabilities in the Nordics. The company has also appointed new CEOs in Asia, Australia, and the Middle East/North Africa.
Founded in 1966 and headquartered in Kansas City, Missouri, Lockton operates more than 24 offices across 12 Asian markets, including China, Hong Kong, India, Macau, Malaysia, Singapore, South Korea, the Philippines, Taiwan, and Thailand. The privately held brokerage operates across commercial, specialty, and reinsurance lines, including benefits and other people-related risks for insurers and corporate buyers in the region.
