MSIG USA has begun a strategic collaboration with MSIG Singapore and MSIG Hong Kong to expand the group's political risk and trade credit business in Asia. This initiative underlines MSIG's commitment to supporting its global customers and strengthening its presence in key international markets.

The partnership leverages the expertise of MSIG USA's experienced political risk and trade credit underwriting team, as well as the strong local presence and market knowledge of MSIG Singapore and MSIG Hong Kong. With this powerful combination, the company is able to meet the growing demand for political risk and trade credit solutions in the region, providing comprehensive and tailored coverage for companies navigating a changing global trade landscape.

"Expanding our political risk and trade credit capabilities in Asia is an important strategic step for MSIG USA," said Peter McKenna, CEO of MSIG USA. "By working with MSIG Singapore and MSIG Hong Kong, we are strengthening our ability to serve global customers with tailored solutions that meet the challenges of international trade. This partnership underscores our commitment to being a trusted risk management partner for organizations operating in complex environments."

Clemens Philippi, CEO of MSIG Asia, added: "This initiative is in line with our regional growth strategy and strengthens our ability to provide 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 allows us to better serve companies in the region and help them navigate the changing economic and political landscape with confidence."

The strong "Class 15, A+" financial rating and recognition of the MSIG USA brand have enabled valuable connections with clients and brokers and further strengthened the company's competitive advantage in the market. This collaboration underscores MSIG USA's commitment to providing innovative insurance solutions that meet the evolving challenges of international trade and investment.

Dan Riordan, Head of Political Risk and Trade Credit at MSIG USA, commented, "Demand for political risk and trade credit insurance is growing rapidly as companies seek to hedge against uncertain geopolitical and economic conditions. Our collaboration with MSIG Singapore and MSIG Hong Kong will allow us to offer more local expertise and strengthen our ability to provide comprehensive insurance coverage that meets the needs of multinational customers."