QBE GM Credit and Surety Richard Wulff will relocate to Hong Kong in January to build the insurer’s credit and surety business in the region.

Mr Wulff will remain responsible for the group’s trade credit, surety and political risk portfolios in Australia and New Zealand, Asia, Europe, North America and Latin America, plus Austral Mercantile Collections, an agency active in Australia.

“Richard brings extensive global experience to our region, which will enable us to better support our partners and clients,” CEO Emerging Markets David Fried said.

Mr Wulff says he looks forward to the new challenge in “one of the world’s most vibrant environments”.

Dutch born and educated, Mr Wulff has previously worked for NCM in the Netherlands, Munich Re and Indian insurer HDFC Ergo.