Reappointment of Credit Department Head in Asia
In a significant move for the reinsurance industry, Ming Hon Chew has been appointed as the Chief Executive Officer (CEO) of Asia Capital Re, a Singapore-based reinsurer and a subsidiary of ACR Capital Holdings. This strategic appointment, confirmed by GTR, marks a crucial step in Asia Capital Re's growth and expansion plans in the Asian market.
Ming Hon Chew, a seasoned professional with 19 years of experience in financial services, brings a wealth of knowledge and expertise to the table. His career spans across various sectors, including insurance, auditing, and securities industries. He joined Asia Capital Re back in August 2010 and has now been appointed to lead the company's strategic growth and operations.
In his new role, Ming Hon Chew will focus on meeting the evolving business needs of clients and developing innovative products to cater to the dynamic risk landscape. This approach is expected to further solidify Asia Capital Re's position in the competitive reinsurance market.
Meanwhile, the Singapore-based law firm Penningtons Manches Cooper has expanded its Singapore trade team, with Ming Hon Chew's appointment being part of this expansion. The exact details of his role at the law firm were not disclosed.
Elsewhere, a Singapore fuel trader's ex-director has won an appeal against a trade finance fraud ruling, while Europe's trade finance results have remained steady. The Middle East and Brazil, however, have shown growth in this sector. It's worth noting that Ming Hon Chew's new role at Asia Capital Re does not appear to be related to these recent developments.
In a separate case, the Court has dismissed the BCP appeal over a US$19 million loss related to ZenRock. This decision comes after Richard Chu, who was previously the head of the credit and surety team at Asia Capital Re, left the company at the end of 2014. Ming Hon Chew has since replaced him in this role.
For the most accurate and detailed information about Ming Hon Chew's new role at Asia Capital Re, we recommend checking official press releases from the company or their corporate website.
Ming Hon Chew will utilize his expertise in various industries, including finance and business, to develop innovative trade finance products that cater to Asia Capital Re's clients and the dynamic risk landscape. His new appointment as CEO of Asia Capital Re is a strategic move that is expected to further solidify its position in the competitive reinsurance market.
