MSIG ends DUAL Asia partnership, plans for financial lines expansion

MSIG ends DUAL Asia partnership, plans for financial lines expansion | Insurance Business Asia

MSIG ends DUAL Asia partnership, plans for financial lines expansion

MSIG announced Wednesday its plans to move forward with its financial lines expansion strategy following the end of DUAL Asia partnership on 17 June.

DUAL Asia has been MSIG’s managing general agent since 2009. With the partnership ending, MSIG will see its financial lines solution expand through its multi-distribution network, drawing upon its global financial capacity to underwrite financial risks.

The expansion will be spearheaded by Andrew Taylor, who was recently appointed as senior vice president and head of financial lines for Singapore and Hong Kong. Taylor brings to his role over 20 years of experience in general insurance.

“We are excited to have Andrew on board to lead the teams in developing bespoke financial lines solutions to meet our clients’ evolving needs in this space,” MSIG Singapore CEO Mack Eng and MSIG Hong Kong CEO Philip Kent said in a joint statement. “The conclusion of our partnership with DUAL allows us to develop a new profitable growth strategy, capitalising on the strengths of MSIG in the region. With Andrew’s leadership and experience in financial lines, we will further strengthen our product offerings and servicing capability to ensure we remain the insurer of choice for our intermediaries and clients for financial lines insurance as we focus into the future.”