Guy Carpenter has named Richard Chu as managing director of credit, bond and political risk for Global Specialties.
Based in Singapore, Chu will report to David Edwards, head of credit, bond and political risk division for Global Specialties.
In this role, he will be responsible for new business development across the Asia Pacific region, supporting client relationships in the key areas of credit, bond and political risk.
Chu joins Guy Carpenter from Partner Re, where he served as head of financial risks for Asia Pacific since 2015.
With a 30-year career in the reinsurance market, he has held a number of senior financial, credit and specialty roles at different reinsurance firms, including Swiss Re and Asia Capital Reinsurance Group.
Commenting on the appointment, Edwards says: “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 value to his clients across the region.”
Chu adds: “I look forward to joining the Guy Carpenter team, which is renowned for its technical expertise and understanding of the Asia Pacific market.”
