MSIG Insurance Partners Underwriting Agency, DUAL to Provide Financial Lines Capacity in the Singapore Market

SINGAPORE, Jan. 21, 2013 /PRNewswire/ -- MSIG Insurance (Singapore) Pte. Ltd. ("MSIG Singapore"), a member of the MS&AD Insurance Group, is pleased to announce the launch of its financial lines capability.

MSIG Singapore will partner global underwriting agency, DUAL, to provide specialised insurance solutions for Financial Lines products including Directors and Officers (D&O), Professional Indemnity, Investment Managers, Management Liability and Association Liability covers. These financial lines products will allow MSIG Singapore to bring together a flexible and comprehensive insurance package that will address the growing needs of its private and corporate networks.

Paul Faulkner, CEO of MSIG Singapore, said: "With this latest line of covers, our clients will now have a wider range of insurance solutions to choose from. These financial lines products are specifically designed with local laws and regulations in mind.  We will continue to invest and grow this new capability and we look forward to working with DUAL to deliver the high quality solutions that MSIG is well known for."

Damien Coates, CEO of DUAL International, commented: "This is an exciting extension of our excellent partnership with MSIG.  We have a growing presence in Asia, with plans for further expansion in line with the needs of our clients.  The combination of MSIG's competitive strength and DUAL's specialist product expertise, gives us a fantastic platform for that growth and expansion."

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About MSIG Insurance (Singapore) Pte. Ltd.

MSIG Insurance (Singapore) Pte. Ltd. (MSIG Singapore), a member of the MS&AD Insurance Group, is one of Singapore's leading general insurers.  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. Wholly owned by MSIG Holdings (Asia) Pte Ltd, MSIG Singapore is ISO certified and holds an A+/Stable financial rating by Standard & Poor's.

MS&AD Insurance Group was formed in April 2010 from the business integration of the Mitsui Sumitomo Insurance Group Holdings, Inc., Aioi Insurance Co. Ltd. and Nissay Dowa General Insurance Company Co. Ltd. Today MS&AD Holdings is one of the largest general insurance groups in the world with presence in over 40 countries and regions, 17 of which are in Asia. Based in Japan, MS&AD Holdings is active in five business domains, namely domestic (Japanese) non-life insurance, domestic (Japanese) life insurance, overseas business, financial services business and risk-related business.

The DUAL Group

The DUAL Group is the specialist underwriting arm of the Hyperion Insurance Group, and is focused on underwriting business critical risks including D&O, Professional Liability, Employment Practice Liability, Computer Crime and Fraud.  DUAL has become a well-established and respected leading underwriter with annual gross written premiums of over EUR200 million and now employs over 190 people in offices across Europe, Asia Pacific and the Americas.

Hyperion Insurance Group

Hyperion is an international insurance and reinsurance intermediary group with divisions in broking and underwriting.  The Group has businesses across Europe, Asia, the Middle East, the USA, Latin America, Australia and New Zealand, and employs more than 1250 people in over 60 offices operating out of 28 countries. 

The Group was awarded its second Queen's Award for Enterprise in International Trade in 2012.

For more information and media enquiries, please contact:

Carole Chow
Manager, Branding & Corporate Communications
MSIG Insurance (Singapore) Pte. Ltd.
D: +65 6827 7686

Source: MSIG Insurance (Singapore) Pte. Ltd.