MSIG USA has formed a strategic partnership with MSIG Singapore and MSIG Hong Kong to enhance its political risk and trade credit insurance offerings in Asia.
The collaboration is designed to support multinational clients while reinforcing MSIG’s presence in key Asian markets.
By combining MSIG USA’s underwriting capabilities with the local expertise of its Singapore and Hong Kong counterparts, the insurer aims to address the increasing demand for risk mitigation solutions in the region.
The partnership will provide businesses with insurance coverage to navigate challenges arising from political and economic uncertainties in international trade.
“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,” said Peter McKenna, CEO of MSIG USA.
The expansion of MSIG’s political risk and trade credit capabilities into Asia comes as geopolitical uncertainty raises supply chain risks in 2025. A separate report from Marsh highlighted the growing risks to global supply chains due to shifting trade policies and geopolitical developments. It examined how economic protectionism and regulatory changes could disrupt businesses that rely on key trade hubs.
Clemens Philippi, CEO of MSIG Asia, said the initiative is part of the company’s broader regional growth plans.
“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,” he said.
MSIG USA holds a Class 15 A+ financial rating, which has helped it build strong relationships with brokers and policyholders. The expanded partnership is expected to enhance MSIG’s position in the political risk and trade credit sector by offering businesses more localised and comprehensive insurance options.
Dan Riordan, head of political risk and trade credit at MSIG USA, said the need for political risk and trade credit coverage is increasing as companies look to safeguard operations against unpredictable 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,” he said.
