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Singapore, Monday 8 September 2025 – Globalisation is not over, but rather trade is shifting from West to East in a “reglobalisation of trade”, Russell’s Head of Business Development, Julian Kirkman-Page will say in his IPP presentation, “Geopolitics in a Brave New World”. The presentation will be delivered as part of the President’s workshop on Monday 8th September at the IUMI Conference in Singapore.
The Regional Comprehensive Economic Partnership (RCEP), containing 15 Asian-Pacific nations including China, Japan, Singapore and South Korea is largest trading bloc in the world, representing 30% of GDP, tying it with United States, Mexico and Canada agreement (USMCA), Kirkman-Page will say.
Mr. Kirkman-Page will highlight Russell’s analysis of the three trading blocs, particularly the large volume of shipped trade within the RCEP bloc, valued at $2.2 trillion of goods, significantly higher than USMCA ($800 billion) and the European Union ($2.1 trillion).
According to Mr. Kirkman-Page:
“The buying power of the East bloc is massive with 30% of the World’s people and an increasing per capita spend capability.
“Re-globalisation is a theme of this year’s conference, which will lead to changes in the flow of money through the three main global trading blocs - the European Union (EU), Regional Comprehensive Economic Partnership (the RCEP), and the USMCA.
Mr Kirkman-Page will discuss the rise of geopolitics which has been front of mind for businesses, insurers and government in a way not seen since the height of the Cold War.
In support of this, he will highlight a recent survey conducted by Russell of the Russell Working Group of corporate risk managers, which highlighted that 69% of risk managers view geopolitics as a priority over the next 12 months.
The Russell Working Group is composed of 30 risk managers representing sectors including manufacturers, pharmaceuticals, shipping lines, port management companies, importers, energy companies, banks, communications, technology companies and airlines.
Kirkman-Page will conclude: “A summary of feedback from the executives I have spoken to indicates a need for flexibility, adaptability, and timeliness, underpinned by knowledge. That is where companies like Russell help.
The world will not be slowing down any time soon. We can see the growth in trade. A major area of opportunity seems to be now in the East. There is never a boring moment.”
Notes to Editor
About Russell Group
Russell Group is a business intelligence company that delivers actionable insights for corporates and (re)insurers. Formed in 1994, Russell has thirty years’ experience in the Lloyd’s (re)insurance market, with a global client base of (re)insurers and a corporate working group of FTSE 100 and 250 companies.
The Russell Business Platform harmonises data acquisition, analysis and visualisation so that clients can convert insights to actions across their business activities through more informed decision making, opportunity assessment and profit optimisation.
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