Japanese insurer MSIG will expand the group’s political risk and trade credit business in Asia via collaboration with the US office.
MSIG has formed 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, according to a statement. This will combine the seasoned expertise of the political risk and trade credit underwriting team in the US, led by Dan Riordan and Richard Abizaid, with strong local market knowledge in Singapore and Hong Kong.
«This initiative aligns with our regional growth strategy, reinforcing our ability to deliver enhanced risk solutions across Asia,» said Clemens Philippi, CEO of MSIG Asia.
MSIG is a wholly owned subsidiary of Tokyo-headquartered Mitsui Sumitomo Insurance. It has over 40,000 employees globally with a presence in 48 countries and regions. Within Asia, it is represented in all ASEAN markets as well as in Australia, New Zealand, Hong Kong, China, Korea, India and Taiwan.
