SINGAPORE - Media OutReach Newswire - 14 March 2025 - MSIG Asia has announced a strategic collaboration between MSIG USA, MSIG Singapore and MSIG Hong Kong to expand the Group's political risk and trade credit business in Asia. This initiative reinforces MSIG's commitment to supporting its global customers and strengthening its footprint in key international markets.

The partnership leverages the expertise of MSIG USA's seasoned political risk and trade credit underwriting team alongside the strong local presence and market knowledge of MSIG Singapore and MSIG Hong Kong. This powerful combination positions the company to capitalise on the growing demand for political risk and trade credit solutions in the region, ensuring comprehensive and customised coverage for businesses navigating an evolving global trade landscape.

"Expanding our political risk and trade credit capabilities in Asia is a key strategic move for MSIG USA," said Peter McKenna, CEO of MSIG USA. "By collaborating with MSIG Singapore and MSIG Hong Kong, we are strengthening our ability to serve global clients with tailored solutions that address the challenges of international trade. This partnership underscores our commitment to being a reliable risk management partner for businesses operating in complex environments."

Clemens Philippi, CEO of MSIG Asia, added, "This initiative aligns with our regional growth strategy, reinforcing our ability to deliver enhanced risk solutions across Asia. The combination of MSIG USA's underwriting expertise, led by Dan Riordan and Richard Abizaid, and our strong local market presence enables us to better serve businesses in the region, helping them navigate the evolving economic and political landscape with confidence."

MSIG USA's strong Class 15, A+ financial ratings and brand recognition have facilitated valuable connections with customers and brokers, reinforcing the company's competitive advantage in the market. This collaboration underscores MSIG USA's dedication to delivering innovative insurance solutions that address the evolving challenges of international trade and investment.

Dan Riordan, Head of Political Risk and Trade Credit for MSIG USA, commented, "The demand for political risk and trade credit insurance is rapidly increasing as businesses seek protection against uncertain geopolitical and economic conditions. Our collaboration with MSIG Singapore and MSIG Hong Kong will allow us to offer more localised expertise and strengthen our ability to provide comprehensive coverage that meets the needs of multinational clients."

Mack Eng, CEO of MSIG Singapore, shared, "Leveraging on our group synergy with MSIG USA's strong political risk and trade credit underwriting capabilities will certainly help us enhance value to our clients and partners in the Singapore market, in particular, to our growing portfolio of regional programmes which serve Singapore-based businesses building up their multinational presence. We are excited about the opportunities to serve our clients and partners even better with this collaboration."