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BPL Global reiterated its commitment to serving the French market as it celebrated the fifteenth anniversary of its French subsidiary at the British Ambassador’s Residence in Paris.

“Our industry is, of course, faced with major political uncertainty in the form of the upcoming UK referendum on whether to remain in the European Union,” said Charles Berry, Chairman of BPL Global. “Yet, even if the UK opts out, BPL Global will stay in. I can say that with certainty because our Paris office is an extremely well-established business and a significant part of the market. We will do whatever is necessary to service our clients, not only in France, but also in Germany, Italy and Spain.”

The event was covered in depth by leading trade magazine Trade & Forfaiting Review.

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BPL Global’s deputy chairman, Anthony Palmer, moderated two panels at a political risk insurance seminar organised by The Foreign Economic Relations Board of Turkey (DEiK) in Istanbul on 30th June 2011. The other panel was moderated by BPL Global’s Turkish correspondent, Arzu Geerding of Brokers’ House.

The seminar was attended by over a hundred of Turkey’s leading exporters and contractors, and resulted from a recent DEiK survey indicating that there was a lack of awareness of political risk insurance among its membership.

The panellists included Louis Bedoucha of MIGA, George Bolton of ACE, Khosro Rashid of ICIEC, Emre Serifoglu of Zurich, Alev Arkan of Türk Eximbank, Sylvia Greisman of Unistrat Coface, and Nick Robinson of Marketform.

DEiK was formed in 1988 and its president is also president of the Union of Chambers and Commodity Exchanges of Turkey.

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In this article, published by the Insurance Insider, Charles Berry suggests that the impact of the estimated USD2.5bn of claims in the political risk insurance market may not be as severe as many think.

The effects of recoveries and rescheduling – where reported claims might never crystallise because insured debts are re-scheduled – could over time reduce the final cost to half that figure.

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