Marsh McLennan reinsurance specialist business Guy Carpenter has announced the hiring of Richard Chu (pictured above) as managing director for credit, bond & political risk within its global specialties division.
Chu’s main responsibilities include spearheading new business initiatives throughout the Asia-Pacific region, leveraging his expertise in reinsurance to bolster client engagements specifically in the credit, bond, and political risk sectors.
Before joining Guy Carpenter, Chu had held the position of head of financial risks for Asia-Pacific at Partner Re since 2015.
His previous roles also include serving as senior vice president, head of credit & surety, at Asia Capital Re from March 2008 to December 2014, regional vice president at AIG from April 2004 to February 2008, and vice president, credit solutions at Swiss Re from January 1996 to April 2004, all based in Singapore.
He is also an alumnus of Queen’s University Belfast, holding a BS in business administration and computer science.
Chu, who takes on his new role with immediate effect, will be stationed in Singapore and report directly to David Edwards, the division’s head.
Edwards shared his enthusiasm about Chu’s appointment, emphasizing the critical nature of credit, bond, and political risk insurance in facilitating trade across Asia-Pacific.
“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,” Edwards said.
“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,” Chu said.
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