Guy Carpenter plucks PartnerRe leader to boost new business in Asia Pacific

Global reinsurance broker Guy Carpenter, a business of Marsh McLennan, has tapped a financial, credit, and specialty risks leader from PartnerRe, with a pedigree spanning Swiss Re and Asia Capital Re, for new business development across the Asia Pacific region.

Richard Chu joins the broker as managing director, credit, bond & political risk, global specialties. Based in Singapore, Chu will report to David Edwards, head of the practice.

Chu will be responsible for new business development across the Asia Pacific region, utilising his specialist reinsurance experience to support client relationships in the key areas of credit, bond, and political risk.

Chu joins Guy Carpenter from Partner Re, where he was head of financial risks for Asia Pacific since 2015. Chu has been in the reinsurance market for his entire 30-year career and has held a number of senior financial, credit, and specialty roles at major reinsurance firms including Swiss Re and Asia Capital Reinsurance Group.

Edwards said: “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.”

Chu added: “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.”

Did you get value from this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.