SINGAPORE — Euclid Transactional has bolstered its presence in the Asia-Pacific (APAC) region by appointing its first local tax underwriter, signaling a significant expansion of its tax insurance capabilities in the area.
Wai Ling Low joins the firm as Senior Vice President and Tax Underwriter for APAC, operating out of Euclid Transactional’s Singapore office. In her new role, Low will focus on underwriting tax liability risks related to mergers and acquisitions (M&A) across the region, while also supporting key partnerships with brokers.
She will report directly to Chris Waddington, Head of Tax Underwriting for Europe, the Middle East, Africa, and Asia Pacific.
Seasoned Tax Professional
Low brings over 14 years of experience in corporate tax advisory, with a specialization in structuring and cross-border M&A transactions. Prior to joining Euclid Transactional, she served as Associate Partner at EY Singapore and previously held positions within PwC’s corporate tax division. She holds an accountancy degree from the National University of Singapore and is recognized as an accredited tax advisor by the Singapore Chartered Tax Professionals.
Commenting on the appointment, Waddington described the move as a key step in expanding the global footprint of the firm’s tax insurance services.
“We are very excited to have Wai Ling join Euclid Transactional’s global tax insurance team, which allows us to offer local tax underwriting capabilities in the APAC region for the first time,” he said.
Strategic Growth in APAC
Low’s appointment comes amid the continued expansion of Euclid Transactional’s APAC operations, led by Alice Ho, Managing Director and Head of APAC. The firm is responding to growing demand for M&A-related insurance solutions across the region.
“With her wealth of expertise in APAC tax, Wai Ling enhances our ability on the ground in APAC to provide integrated solutions to our valued partners,” Ho said. “This strategic hire further cements our long-term commitment to the APAC region, and we look forward to continuing to invest in talent to better meet our partners’ needs.”
Euclid Transactional specializes in underwriting insurance for M&A transactions, tax liabilities, and contingent risks. The company has a global team of more than 140 professionals across 10 offices. Its dedicated claims team is one of the largest in the transactional insurance industry.
M&A Market Rebounds
Low’s appointment aligns with a broader rebound in the global M&A market. According to WTW’s Quarterly Deal Performance Monitor (QDPM), acquirers outperformed their regional indices by 5.8 percentage points in the first quarter of 2025—marking the first positive performance since 2022.
In APAC specifically, the report recorded 44 transactions exceeding US$100 million in value, down from 61 in the previous quarter. Despite the dip in volume, deal performance in the region showed signs of improvement.
Compiled in collaboration with Bayes Business School’s M&A Research Centre, the QDPM found that global acquirers beat market expectations by 1.5 percentage points in Q1, ending a seven-quarter streak of underperformance.
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