Pacific Specialty Insurance coverage Co. has elected John Chu as president and chief executive officer, the business announced Friday.
Chu continues to serve as chairman of the Menlo Park, Calif.-based house/casualty insurer, a position he has held for 2 years.
Chu succeeds Brian S. Cohen, who resigned to pursue other possibilities.
Prior to turning out to be CEO, Chu was an operating partner with Altamont Capital Partners and Golden Gate Capital. He at present sits on the boards of directors of Wedbush Securities and FirstBest Systems, as properly as Accenture’s Board of Advisors.
He was previously senior vice president, e-Business and Technology, for The Hartford’s residence/casualty operations, accountable for engineering method and operations. He had served as vice president, Strategic Enterprise Growth and as chief economic officer for The Hartford’s individual lines division.
Just before that, he was a managing advisor for Tillinghast-Towers Perrin (now Towers Watson), managing quite a few engagements with Fortune 25 economic providers organizations.
Earlier in his career, Chu served as vice president with Lehman Brothers Asia and also held a number of positions with PepsiCo Meals Global, including director for PepsiCo’s Asia-Pacific operations.
“Our sturdy dedication to our independent agents and brokers will often be the basis of our approach, and I seem forward to doing work closely with our essential partners,” Chu explained in a statement announcing his new roles at Pacific Specialty.
He holds an MBA from the Stern College of Company at New York University and a Bachelor of Arts in economics from University of California at Los Angeles.
Based in Menlo Park and Anaheim, Calif., Pacific Specialty serves folks and small-company owners with specialty and common policies, like homeowners insurance coverage, powersports insurance, and company insurance.
Supply: Pacific Specialty Insurance Co.