BPL Global is proud to announce its support of Insulate Ukraine. The project seeks to temporarily restore bullet- and bomb-damaged buildings in towns and villages across war-torn Ukraine with specially designed plastic windows, allowing for uninhabitable homes to become liveable again. BPL Global’s partnership with Insulate Ukraine has so far improved the lives of over […]
Commodity Traders
As some of the earliest users of the credit and political risk insurance (CPRI) market, commodity traders are an incredibly important sector for us. We represent some of the largest firms in the sector, across energy, metals and soft commodities, and support all aspects of their activity.
Our Products: Commodity Traders
Comprehensive Non-Payment Insurance:
Prepayment Insurance:
Political Risk Insurance:
Our expertise and experience
BPL Global provides tailored insurance solutions for some of the world’s largest commodity traders, with many relationships spanning more than 25 years. This gives us deep insight into the commodity sector, and we have the resource and capacity to service clients’ high-volume, time-critical business needs.
We also have an extensive understanding of our clients’ financing methods and requirements. This means we can develop insurance structures to support clients’ financiers, enabling our clients to grow their business and expand their global reach.
We deal with over 50 insurers around the world that specialise in CPRI, with an aggregated capacity per risk of approximately US$3 billion and policy tenor capability of up to 15 years.
World Leading Expertise
We have unrivalled expertise in providing insurance products for commodity traders, and our claims record is testament to our leading position in the CPRI market.
About 20% of our business portfolio’s aggregated exposure is in Africa, which is closely followed by the Middle East & Western Asia and Latin America.
Our Products
Our comprehensive non-payment insurance provides cover against default by public and private obligors without prescribing causation, thereby protecting commodity traders’ counterparty exposure to both commercial and political risks. We can tailor the non-payment product to cover any derivative of a client’s credit exposure – whether that be straightforward trade finance or market-to-market risk. Our non-payment policies can also provide protection against the non-honouring of guarantees or letters of credit, whether issued by governments, banks or corporate institutions.
We can source prepayment insurance which provides protection against counterparty performance risk for both commercial and political reasons – particularly relevant for pre-export finance transactions.
We provide political risk insurance for clients’ exposure to their stocks of commodities around the world – protecting them against capricious acts of government as well as political violence. The same type of coverage can be deployed for a client’s fixed assets or equity investments.
Why work with us
We pride ourselves on providing the highest levels of service to commodity traders across the entire insurance placing process, and have some of the most experienced brokers in the CPRI market.
Drawing on our strong technical expertise and access to a wide network of insurers, we can exploit the competitive dynamics of the insurance market to secure the right coverage at the best price for our clients.
Our products are validated by ensuring that claims are paid in full and on time, and this underpins every aspect of our client servicing to commodity traders. Since BPL Global’s establishment in 1983, we have settled over US$2.8 billion of claims for our clients.
We structure our broking teams, which are each lead by an experienced director, to meet clients’ specific needs.
Find out what sets us apart:
In the news
Watch the latest episode of BPL Pulse featuring Hugh Friel, Vice President, Structuring, Africa at Frontclear. He joins BPL Global Director Charlotte Hampshire to discuss the role of DFIs in enhancing the stability of money markets in emerging economies, and Frontclear’s approach to delivering support to these regions. We’ve spent a lot of time in-country, […]
BPL Global’s James Cook and Jonny Carruthers joined Özlem Özüner from Allianz Trade for a new edition of the LIBF Centre for Digital Banking & Finance Trade Finance podcast series. The discussion focuses on the history and future of Trade Credit Insurance, provides insights into technological advancements and embedded finance, and delves into e-commerce innovations.. […]
BPL Global has committed to support charities WeSeeHope and Justice and Care for another three years BPL Global has been a proud supporter of WeSeeHope and Justice and Care for many years, and has renewed its investment in both organisations until at least 2025 in recognition of their vital work and the successful partnerships to […]
We are pleased to announce a number of changes to BPL Global’s senior management team as part of the latest steps in our succession plans and long-term commitment to remain an independent, employee-owned broker. Our two Managing Directors, James Esdaile and Sian Aspinall, move into new roles. James becomes Chairman, assuming the role from Charles […]
Discussions related to political violence may assume that coverage can be divided into one of two distinct categories: terrorism or war. This assumption can often lead to insufficient coverage especially in deteriorating geopolitical climates, highlights Zoe Towndrow, Practice Lead, Political Violence at BPL Global. Speaking on a recent ‘Tuesdays With Lloyd’s’ webcast, Towndrow says that […]
