XL Catlin’s insurance operations announced the appointment of Bonnie Chow as senior underwriter, Political Risk and Trade Credit insurance for Asia Pacific. She will be based in Sydney.
Chow has over 20 years’ experience in the insurance and banking industries, specializing in complex cross border trade transactions and credit risk management, according to a statement issued by the company. She joins XL Catlin from Zurich Insurance Australia, where she spent eight years in the credit and political risk division. Prior to Zurich, Chow worked at Atradius Credit Insurance, the Australian Prudential Regulation Authority (APRA), Export Finance and Insurance Corp. (EFIC) as well as Westpac Banking Corp.
Chow brings a “wealth of experience and technical expertise which will further strengthen our offering at a time when demand for coverage is on the rise across Asia Pacific,” said Mark Houghton, regional head of Political Risk and Trade Credit insurance for XL Catlin in Asia Pacific.
“The increasing pace of globalization has accelerated the interplay between geopolitics and economics,” said Craig Langham, chief executive, Asia Pacific – Insurance. “According to the Global Risks report published last year by the World Economic Forum, it is the first time in the report’s 10-year history that geopolitical risks are the foremost concerns for many organizations.”
He noted that these risks include interstate conflict, failure of national governance and state collapse or crisis.
“As more of our clients seek out opportunities in emerging markets, we’re seeing a greater demand from clients to protect their investments and manage their geopolitical risk. Bonnie’s appointment underscores XL Catlin’s commitment to delivering vital Trade Credit and Political Risk coverages to better serve our clients’ evolving needs in the region,” Langham continued.
Source: XL Catlin
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