BPL Global and EIA Global have made significant hires in response to increased demand for credit and political risk insurance (CPRI) from clients engaged in international trade, investment and lending.
US-based EIA Global has announced that John Lavelle will join as Senior Managing Director for Trade Credit, Structured Trade and Political Risk Insurance.
Al Giandomenico, President of EIA Global, praised Mr. Lavelle, noting that “John has over 30 years of experience in the trade credit, political risk and trade finance arenas and a level of expertise and professionalism that sets him apart from his peers. He is highly accomplished and well-regarded by clients and underwriters alike and adds significant breadth and depth to the expertise of EIA Global’s professional staff.”
The hire of Mr. Lavelle by EIA Global comes on the heels of an impressive year of expansion for BPL Global, which has increased its workforce by over 10% in the past 12 months, taking the total to over 80 members of staff. The hires have ranged from senior appointments – including James Reynolds and Jonny Carruthers, both Assistant Directors in the London office – to trainee brokers and IT/business analysts in London, Singapore and Hong Kong.
James Esdaile, Managing Director of BPL Global, comments: “Globally we are witnessing a jump in demand for CPRI; indeed, last year we transacted approximately USD350M of premium. In response, we are tooling up in London, Asia and the Middle East – while our partner does the same in the US. We are the largest single team in the market with significant capacity to adequately service the increased interest from multinational corporations, banks and financial institutions.”