In this article published in Trade & Forfaiting Review Charles Berry, Chairman of BPL Global, highlights that since 9/11 and the global financial crisis the political risk insurance (PRI) market has continued to support international business, expanding its capacity and paying its claims. Moreover, its stability and growth over the last 30 years is driving new opportunities.
BPL Global today announced the opening of its Singapore subsidiary, following on from the opening of its Hong Kong office in early 2011.
Co-founder heads second Asian office to herald further regional expansion
Anthony Palmer, one of the founding directors of the firm in 1983, is the new company’s chief executive, with Harry McIndoe as his deputy. Both have relocated from London to set up the new office.
“Our immediate focus will be local financial institutions including the banks, where we see the biggest gap in the market for our services,” says Anthony Palmer, “although we will also be working with the Singapore subsidiaries of our multinational clients. These include commodity traders and exporters – a specialist area for BPL Global and a good fit with Singapore’s position as the regional hub for trade and finance.”
Located in Raffles Place in the heart of Singapore’s central business district, BPL Global is committed to Singapore as its Asian head office alongside its Hong Kong branch, which is headed by Peter Gilbert.
In this feature publication we explain why claims handling experience is vital in the PRI market, drawing on 28 years of loss data.
On 16th February 2011 Berry Palmer & Lyle Ltd (BPL Global) announced the opening of a branch office in Hong Kong. Its Chief Executive is Peter Gilbert, who joins BPL Global from the Newedge Group where he was co-head of Political Risk Insurance (PRI). Peter has worked in London, New York, Sydney and Singapore before moving to Hong Kong nearly eight years ago.
The decision to open an office in Hong Kong reflects the importance of the Asia Pacific region for the specialist credit and political risk insurance (PRI) market.
Commenting on the launch of its Hong Kong office, BPL Global’s Chairman, Charles Berry, said “We are committed to serving the multinational clients of the global PRI market, and with the PRI market developing its own momentum in Asia Pacific, this is an important first step in establishing a direct presence in the region.”
For further information, please contact
Anthony Palmer +44 20 7375 9600
Peter Gilbert +852 2273 5851
At the invitation of EMEA Finance, BPL Global Chairman, Charles Berry, participated in a discussion between brokers and insurers about the impact of the economic downturn on claims in the trade credit and political risk insurance markets and how their industry dealt with the perfect storm…
BPL Global supports the work of Tusk Trust promoting education in Africa by making a donation towards the cost of constructing two schools in Kenya.
The owners of Industriefinancierungs- und Export- Beratungsgesellschaft m.b.H. (IFB Global) and Berry Palmer & Lyle Limited (BPL Global) today announce that terms have been agreed for the sale of IFB Global’s international insurance broking business to BPL Global.
The servicing of IFB Global’s current policies will be provided by BPL Global and any new enquiries should be addressed to BPL Global.
Both parties are confident that IFB Global’s clients will continue to be efficiently and professionally looked after by BPL Global, as they have been since Dr Ursula Vogtenhuber’s untimely death in September 2008.
London and Vienna, 29th May 2009
For further information contact Oliver Wright: firstname.lastname@example.org