Lockton has appointed former Bupa Asia executive Joe Leung as senior vice president of business development in Hong Kong, strengthening its employee benefits business as rising healthcare costs put pressure on corporate insurance programmes.
Leung joins the broker’s people solutions team from Bupa Asia, where she was head of business development. She brings more than 15 years of experience across insurance, healthcare and employee benefits, including senior positions with international brokers and insurers.
The appointment comes as employers face continued pressure on healthcare spending. Hong Kong’s medical costs are projected to rise 9.9% in 2026, up from 9.7% in 2025, according to WTW’s Global Medical Trends Survey. That is below the Asia-Pacific average of 14%, but it adds to the challenge of managing corporate medical cover and claims costs.
In her new role, Leung will focus on expanding Lockton’s people solutions business in Hong Kong, strengthening insurer and intermediary relationships, and developing corporate client partnerships.
Her background includes claims management, client servicing, consulting, corporate risk advisory and sales leadership, serving multinational and local businesses across several industries.
“Joe’s extensive industry experience, strong market relationships and growth-oriented mindset make her an excellent addition to our People Solutions team in Hong Kong,” said Yuman Chan, chief growth officer for people solutions in Asia.
The appointment follows Lockton’s hiring of Victoria Yow as head of people solutions in Hong Kong. Yow was previously general manager for Hong Kong at Pacific Prime Insurance Brokers, where she oversaw a team of more than 120 people.
Lockton has also strengthened its regional leadership, appointing Chan and Sandra Lee as chief growth officers for people solutions and risk solutions respectively. Its wider Asian expansion has included the appointments of Nicholas Lee as CEO designate for Malaysia and Jaideep (Jay) Sharma as CEO of India.
Taken together, the hires show Lockton building out employee benefits capability in Hong Kong at a time when rising medical costs are pushing employers to review how their programmes are structured and placed.
