Stuart Spencer, as CEO of Asia Pacific for global insurer Zurich Insurance Company Limited, responsible for over $3 billion P&L, covering 9 countries and 6,000 employees in the Asia Pacific, has 25 years experience in the insurance and financial services industry, spanning the Americas, Europe and Asia Pacific. He’s a senior executive whose intelligence spans globally; not only highly knowledgeable about his own industry, but able to see it contextually in light of the powerful geographical and political influences that surround it. In this podcast conversation, Stuart shares his emotional response as a Westerner arriving in Hong Kong for the first time, and the views he has developed since then, gleaned from his experience in Asia that has spooled out in fascinating ways. Now an “Asia Hand” able to deliver clear answers to questions on the minds of those interested in the next chapter of Asia’s growth, he explains in concise and understandable language what we need to consider in determining whether China—and other developing countries— can succeed, and what that will mean for the West.
Stuart Spencer Biography
Stuart A. Spencer is currently Chief Executive Officer, Asia Pacific (ad interim) of Zurich Insurance Company Limited. He is responsible for a $3+ billion P&L covering 9 countries and 6,000 employees across Asia Pacific.
Mr Spencer was formerly Chief Operating Officer of Chubb Accident & Health Worldwide, one of four strategic business units within one of the world’s largest property and casualty insurance groups. Mr. Spencer joined the Chubb Group of Insurance Companies as a Chief Operating Officer and head of its Life, Accident and Health division in June 2009 after more than a dozen years in the insurance industry.
After starting his career at American Express TRS in New York, where he held several senior marketing positions, Mr. Spencer joined American International Group in 1996 as Executive Vice President of AIG International Services, Inc., and was later named President of the unit. Between 2000 and 2004, he managed AIG’s Accident & Health General Insurance operations in Latin America and the Caribbean. In 2004, he moved to Hong Kong to run the AIG Life Companies Accident and Health business for Southeast Asia.
In 2006, Mr. Spencer was promoted to President of Accident and Health Worldwide, for AIG Life Companies, managing a multi-billion dollar P&L spanning more than 75 countries.
Mr. Spencer is an alumnus of Brandeis University, The Fletcher School of Law and Diplomacy and Harvard Business School.