Guy Carp appoints new managing director for credit, bond and political risk division

Chu has been in the reinsurance market throughout his 30-year career.

Guy Carpenter has named Richard Chu as its new managing director for credit, bond and political risk division, global specialties.

Chu's appointment was effective immediately. He will be responsible for new business development across the Asia Pacific region by supporting client relationships in the key areas of credit, bond, and political risk.

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He will be based in Singapore and will report to David Edwards, head of the credit, bond and political risk division, global specialties.

Before his new role, Chu was head of financial risks for Asia Pacific at Partner Re since 2015. He spent his 30-year career in the reinsurance market, where he also held other senior financial, credit, and specialty roles at major reinsurance firms including Swiss Re, and Asia Capital Reinsurance Group.