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."