US-headquartered insurer MSIG will expand the group’s political risk and trade credit business in Asia as part on  an initiative aimed at reinforcing its commitment, it says, “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.

The initiative positions the company to capitalize, it says, “on the growing demand for political risk and trade credit solutions in the region, ensuring comprehensive and customized 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,” adds Peter McKenna, the company’s CEO. “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.”

“The demand for political risk and trade credit insurance,” adds Dan Riordan, MSIG USA’s head of political risk and trade credit, “is rapidly increasing as businesses seek protection against uncertain geopolitical and economic conditions.”