Guy Carpenter hires PartnerRe’s Richard Chu as MD, Credit, Bond & Political Risk, Global Specialties

Guy Carpenter, the global risk and reinsurance specialist and a business of Marsh McLennan, has appointed Richard Chu as Managing Director, Credit, Bond & Political Risk, Global Specialties, effective immediately.

Chu will be based in Singapore and has a reporting line to David Edwards, Head of Guy Carpenter’s Credit, Bond and Political Risk Division, Global Specialties.

Edwards commented on the appointment, “Credit, bond, and political risk insurance is playing an increasingly important role in supporting trade across the Asia Pacific region; the support of experienced reinsurers and brokers is crucial in delivering the capacity the market requires.

“Richard brings a wealth of experience and a track record of providing exceptional value to his clients across the region.”

In this role, Chu takes on responsibility for new business development across the Asia Pacific region. He will utilise his specialist reinsurance experience to support client relationships in the key areas of credit, bond, and political risk.

Most recently, Chu served at Partner Re as the Head of Financial Risks for Asia Pacific since 2015.

Chu is a reinsurance industry veteran and has been in the field for the last 30 years, holding several senior financial, credit, and specialty roles at major reinsurance firms including Swiss Re, and Asia Capital Reinsurance Group.

Chu concluded, “I am excited to join the Guy Carpenter team, which is renowned for its unparalleled technical expertise and deep understanding of the Asia Pacific market.”

The post Guy Carpenter hires PartnerRe’s Richard Chu as MD, Credit, Bond & Political Risk, Global Specialties appeared first on ReinsuranceNe.ws.

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