MSIG Insurance (Singapore) has partnered with global underwriting agency DUAL to launch its financial lines capability in the Singapore market, to help address needs of its private and corporate networks.
DUAL provides specialised insurance solutions for financial lines products including directors and officers (D&O), professional indemnity, investment managers, management liability and association liability covers.
MSIG Singapore CEO Paul Faulkner said the new products are specifically designed in compliance with local laws and regulations and offer a wider range of insurance solutions to choose from.
DUAL International CEO Damien Coates commented that the company has plans for further expansion to meet the needs of its clients.
"The combination of MSIG’s competitive strength and DUAL’s specialist product expertise, gives us a fantastic platform for that growth and expansion," Coates added.
With a local presence of over 100 years, MSIG Singapore offers an extensive range of insurance solutions for commercial and personal risk protection, enabling the security and safety of individuals and businesses.
As a specialist underwriting arm of the Hyperion Insurance Group, DUAL has annual gross written premiums of over €200m and employs 190 people in offices across Europe, Asia Pacific and the Americas.