Gallagher Re has named Roshan Perera (pictured above, left) as managing director and head of Asia-Pacific and Richard Jones (pictured above, right) as regional chairman, a leadership overhaul that comes as the APAC reinsurance market enters a period of rapid expansion – and as the broker contends with a string of senior departures across the region.
The appointments follow the exits of Mark O'Brien, who is leaving to pursue opportunities outside broking, and Mark Morley, who is set to retire. Both held their roles for roughly 17 months after being elevated in a reshuffle that took effect in September 2024.
Perera, who has more than 25 years of industry experience including two decades in Asia-Pacific, most recently led Gallagher Re's APAC Strategic Solutions team, where he developed and implemented the regional sales framework.
Jones, who brings nearly 40 years of reinsurance broking experience, previously served as chairman for Southeast Asia, Taiwan and Korea. Before joining Gallagher Re in early 2025, Jones spent 31 years at Guy Carpenter – most recently as chairman of Asia-Pacific – before moving to Aon in 2019 as executive chairman of its reinsurance solutions business in Asia.
Gallagher Re's international CEO Dirk Spenner said the incoming leaders are well positioned to build on the firm's regional platform.
"Roshan's strategic vision and commitment to collaborative leadership coupled with Richard's deep industry experience and insight make them an excellent fit for these roles," Spenner said.
The reshuffle lands at a consequential moment. GlobalData research projects the APAC reinsurance market will grow at a compound annual rate of 4.8%, rising from an estimated $54 billion last year to $68.4 billion by 2029.
GM Insights data puts China's share of the regional market at 33% in 2025. Regulatory developments – including risk-based capital regimes in Hong Kong and climate risk stress tests in Malaysia – are further deepening the region's appeal to global capacity.
Gallagher Re operates across five key hubs globally, with Singapore serving as its APAC headquarters alongside offices in Tokyo and Sydney. The firm bolstered its regional presence last year through the acquisition of Australia's Steadfast Re, which was rebadged under the Gallagher Re name in October 2025.
Still, the broker has faced talent attrition in the region. A senior executive director who spent eight years building the firm's Asia treaty book departed for a rival broker earlier this month, while another executive director left for a Lloyd's carrier in mid-2025 to help grow its APAC footprint.
