Zurich Financial Services Group has opened its new insurance branch in Singapore to provide services to corporate and commercial customers based in the country and across southeast Asia.

The services will include energy insurance products as well as trade credit and political risk insurance. The new branch office will replace the representative office of Zurich Insurance Company in Singapore.

Geoff Riddell, CEO of Zurich Global Corporate, said: Singapore is developing rapidly as a regional insurance market and is also a vibrant economy which is home to many large and fast growing companies and hosts the regional headquarters of many multinationals.

We see our upgraded presence in this market as an opportunity to strengthen Zurich’s position in southeast Asia and to promote continued profitable growth in this region.