Pacific Specialty Insurance Company has elected John Chu president and chief executive officer. He continues to serve as chairman of the Menlo Park, California-based property/casualty insurer, a position he has held for two years.
Prior to becoming CEO, Mr. Chu was an operating partner with Altamont Capital Partners and Golden Gate Capital. He currently sits on the boards of directors of Wedbush Securities and FirstBest Systems, as well as Accenture's board of advisors.
“Our strong commitment to our independent agents and brokers will always be the foundation of our strategy, and I look forward to working closely with our key partners,” Mr. Chu said.
Mr. Chu succeeds Brian S. Cohen, who resigned to pursue other opportunities.
Mr. Chu previously was senior vice president for e-business and technology for The Hartford's property/casualty operations, responsible for technology strategy and operations. He had served as vice president of strategic business development and chief financial officer for The Hartford's personal lines division.
Before that, he was a managing consultant for Tillinghast-Towers Perrin. Earlier in his career, Mr. Chu served as vice president with Lehman Brothers Asia and also held several positions with PepsiCo Foods International, including director for PepsiCo's Asia-Pacific operations.
Mr. Chu holds an MBA from the Stern School of Business at New York University and a BA in economics from University of California at Los Angeles.
Learn more: www.pacificspecialty.com.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].