Man Carpenter appoints new managing director for international specialties

Marsh McLennan reinsurance specialist enterprise Man Carpenter has introduced the hiring of Richard Chu (pictured above) as managing director for credit score, bond & political threat inside its international specialties division.

Chu’s most important obligations embrace spearheading new enterprise initiatives all through the Asia-Pacific area, leveraging his experience in reinsurance to bolster consumer engagements particularly within the credit score, bond, and political threat sectors.

Earlier than becoming a member of Man Carpenter, Chu had held the place of head of economic dangers for Asia-Pacific at Companion Re since 2015.

His earlier roles additionally embrace serving as senior vice chairman, head of credit score & surety, at Asia Capital Re from March 2008 to December 2014, regional vice chairman at AIG from April 2004 to February 2008, and vice chairman, credit score options at Swiss Re from January 1996 to April 2004, all based mostly in Singapore.

He’s additionally an alumnus of Queen’s College Belfast, holding a BS in enterprise administration and pc science.

Chu, who takes on his new position with rapid impact, will likely be stationed in Singapore and report on to David Edwards, the division’s head.

Edwards shared his enthusiasm about Chu’s appointment, emphasizing the essential nature of credit score, bond, and political threat insurance coverage in facilitating commerce throughout Asia-Pacific.

“Credit score, bond, and political threat insurance coverage is taking part in an more and more vital position in supporting commerce throughout the Asia Pacific area; the assist of skilled reinsurers and brokers is essential in delivering the capability the market requires. Richard brings a wealth of expertise and a monitor report of offering distinctive worth to his shoppers throughout the area,” Edwards mentioned.

“I’m excited to affix the Man Carpenter crew, which is famend for its unparalleled technical experience and deep understanding of the Asia-Pacific market,” Chu mentioned.

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