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BPL Global is delighted to announce that Peter von Guretzky-Cornitz has agreed to act as an introducer and representative in Germany on a part-time basis working alongside Gina Fitzgerald, to develop credit insurance business involving exporters, banks, Hermes and the CPRI market. He will be focusing particularly on transactions where private insurers can provide coinsurance or reinsurance for the German ECA or where they can provide alternative cover.


Peter worked in the commercial banking industry for 28 years and has spent the last ten years as head of the financial services division of SMS SIEMAG, the Düsseldorf-headquartered manufacturer of steel plants. He will continue to work at SMS Group, responsible for special projects within the finance area.

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Interviewed by London insurance market journal, Insurance Day, senior directors James Esdaile and Sian Aspinall give their perspectives on the PRI market and highlight a new generation of partners at BPL Global.


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Writing for Trade & Export Finance’s Export & Agency Finance Special Report 2014, Charles Berry, Chairman, BPL Global, discusses the changing state of the market for medium and long term (MLT) export credit insurance. Once the preserve of the government export credit agencies (ECAs), the MLT is now a mixed market of ECAs and private insurers, often competing for the same business.


In the article, Berry outlines his vision for MLT cover: a market where the ECAs continue to play a leadership role, particularly for those long term risks for which a proper market has not yet emerged; a market where the ECAs continue to provide capacity and stability, but not price leadership, in the many areas of “non-marketable risk” for which there is now a developed market; and a market where exporters and bankers automatically explore both ECA and private market alternatives, aware that the best answer may be with the private insurers. Berry concludes that if the mixed market is to develop like it should – delivering benefits to clients and supporting global trade and investment – it is essential that it is underpinned by the competitive dynamic of the subscription market.

To read the full article, click here 

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In this Perspectives paper delivered at the February 2013 Insuring Export Credit & Political Risk conference in London, Charles Berry, chairman of BPL Global, explained why exporters seeking medium and long term (MLT) export credit insurance should expect increased choice.


A key driver for change is the continuing growth of the private insurance market and its increasing ability to deliver non-cancellable MLT cover on a comparable basis to government export credit agencies (ECAs). So too is the re-rating of the ECAs proposed by the Basel 3 banking accord, under which ECAs will in future carry the sovereign ratings of their respective governments.

In this paper Charles Berry argues the case for a ‘mixed market’ comprising both the ECAs and private sector insurers. Such is not only possible but a desirable provider of wider choice for policyholders.

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In this cover story in the May 2012 issue of  International Trade Finance Anthony Palmer, deputy chairman of BPL Global, highlights the growth in the market for medium and long term non-payment cover, until now regarded as the preserve of the export credit agencies.

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At a recent panel moderated by the editor of Trade & Forfating Review, Charles Berry, Chairman of BPL Global, explained how Basel II/III compliant Comprehensive Credit Insurance has an increasingly important role to play in supply chain finance.


This feature article was published by TFR in its March 2012 issue.

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As reported by Insurance Insider, Charles Berry, Chairman of BPL Global, spoke at a recent meeting of the London Market Claims Council on the mismatch between insurance cover sold for emerging market property and the risks faced by insured businesses.


“Standard terrorism cover is simply the wrong cover,” Berry said. “The market’s standard terrorism wording excludes everything that the Arab Spring is about.”

Mr Berry went on to call for insurers and businesses with operations in emerging markets to rethink their approach to political violence insurance. Currently, coverage for political violence risk is fractured, with the retention of risk split between the specialist political risk market, the marine, aviation, and property markets, and pure terrorism underwriters. The answer to insuring property in emerging markets, according to Mr Berry, lies in the “broader coverages already available in the political risk market.”

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In this article published in Business Insurance in August 2011 Charles Berry, Chairman of BPL Global, explains how war risk exclusions can materially restrict the value of conventional property insurances for assets in emerging markets.


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As turbulence in the Arab world continues, Anthony Palmer, deputy chairman, BPL Global, highlights the deficiencies in investors’ standard property insurance policies.


http://www.financial-i.com/news/view/314

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In this article, published by Insider Quarterly, BPL Global Chairman, Charles Berry, indicates that market-wide PRI losses of an estimated USD2.5bn could be reduced by half as recoveries are made.


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