Eric Wang Mingchao (pictured) has been appointed to lead Price Forbes’ affinity insurance operations in Singapore.
Reporting to chief broking officer Julian Coates, Wang will be responsible for expanding the company’s facultative reinsurance offerings – focusing on products such as extended warranty, auto and finance, accidental damage and screen protection, payment protection, contingency for sports and events, pet insurance, and personal accident coverage.
His remit includes developing new business opportunities and supporting the firm’s growth strategy across Asia-Pacific.
His background covers both program development and management across multiple Asian markets.
Philip Johnson, CEO of Price Forbes Asia-Pacific, said the affinity segment is a central focus for the company’s regional expansion.
“Eric will play a central role in building innovative, customer-centric partnerships that allow us to deliver tailored solutions and unlock growth across some of the most dynamic markets in the world,” he said.
Wang said that joining Price Forbes Singapore presents an opportunity to contribute to the company’s growth and to develop long-term partnerships that support both strategic and sustainable outcomes.”
“The company’s strong market position, global reach, and ongoing commitment to innovation make this a truly compelling opportunity. I look forward to driving affinity growth, building a high-performing team, and developing long-term partnerships that deliver both strategic and sustainable outcomes,” he said.
In June, Price Forbes named Suvimol Sathanart as head of property for Asia. Based in Singapore, Sathanart reports to Julian Coates and is tasked with advancing the company’s property insurance strategy throughout the region.
Sathanart has more than two decades of experience in non-life insurance, including work in Thailand, Singapore, and the US. Her expertise spans insurance and reinsurance, with a particular focus on structuring placements in the ASEAN region.
Prior to joining Price Forbes, she held executive roles at Direct Asia (Thailand), Marsh, Guy Carpenter, and Asian Reinsurance Corporation.
Her experience covers property, casualty, motor, engineering, and marine and energy insurance.
