In light of recent geopolitical events, Anna Morgan, Legal Director at BPL Global, addresses some of the questions that have arisen around sanctions clauses in non-payment policies, specifically the market standard ‘LSW 1865’, and sets out some key points to consider. Is non-payment due to sanctions covered under a standard non-payment policy wording? The short […]
Exporters
Exporters have always been key clients of BPL Global, and we represent some of the world’s largest engineering, manufacturing and construction companies. We structure insurance products tailored to the individual needs of the exporter and the underlying terms and conditions of their contracts.
Our Products: Exporters
Comprehensive Non-Payment Insurance:
Pre-shipment and On-Demand Bond Insurance:
Political Risk Insurance:
Our expertise and experience
From our origins, BPL Global has acted for some of the world’s largest exporters and we have a wealth of experience in adapting policies to respond to the specific terms and conditions of complex export contracts. We provide high-quality insurance advice and tailored insurance solutions, helping exporters to manage their risk as they expand their business and global reach.
We deal with over 50 insurers around the world that specialise in credit and political risk insurance (CPRI) with an aggregated capacity per risk of approximately US$3 billion and policy tenor capability of up to 15 years.
Our products
Our comprehensive non-payment insurance provides cover against default by public and private obligors without prescribing causation, thereby protecting exporters’ counterparty exposure to both commercial and political risks. Our non-payment policies can also provide protection against the non-honouring of guarantees or letters of credit, whether issued by governments, banks or corporates.
We structure pre-shipment and on-demand bond insurance policies to protect an exporter’s pre-shipment completion costs in the event of frustration of their export contract and against unfair calling of on-demand contract bonds.
We source political risk insurance for plant and equipment maintained and operated by our clients to perform contracts overseas – providing protection against government acts as well as political violence. The same type of coverage can be deployed for a client’s fixed assets or equity investments.
World Leading Expertise
We have unrivalled expertise in providing insurance products for exporters, and our claims record is testament to our leading position in the CPRI market.
Set against OECD Country Categories, our Medium-Long Term (MLT) portfolio statistics demonstrate that the private CPRI market has greater appetite for MLT risk in higher risk countries compared to government-backed ECAs, challenging accepted wisdom about the ECAs’ position in the market.
Why work with us
We pride ourselves on providing the highest levels of service to exporters 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 are in a position to 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 exporters. Since BPL Global’s establishment in 1983, we have settled over US$2.8 billion of claims for our clients.
Find out what sets us apart:
In the news
BPL Global’s Gregory King-Underwood speaks to Uwe Haug, Head of Underwriting Strategy and Business Development – Financial Risks Reinsurance at Liberty Mutual Reinsurance, delving into the January 1st renewal season and how recent Covid-19 variants have impacted reinsurers. They also discuss the difference in performance between Lloyd’s and Company markets, and Private carriers versus ECAs, […]
BPL Global has joined a City-wide effort to support the East End Community Foundation (EECF) in the charity’s Covid relief fund – the Life Chances campaign – as a founding campaign partner. The EECF has launched the Life Chances campaign to support vulnerable and underrepresented communities in the East End of London that have been […]
We are proud to announce that Geraldine Gan and James Lord have been recognised in the Political Risk and Credit category at the prestigious 2021 Lloyd’s Asia Broker Awards. Broker Geraldine Gan and Assistant Director James Lord have made a notable impact on Lloyd’s platform in Singapore this year, with the award reaffirming the professionalism, […]
Sian Aspinall, Joint Managing Director at BPL Global, sits down with Markel’s Trade Credit Head of Business Development, Simon Philpin for the latest instalment of the ‘Class Conversation’ podcast, discussing key issues and developments in the credit and political risk insurance market Sian and Simon take an in-depth look at the latest trends in credit […]
In this episode of BPL Pulse’s podcast, Tim Hughes, Director at BPL Global, speaks to Andrew Beechey, Managing Director at Tierra Underwriting, about renewable energy in the Credit and Political Risk Insurance market. “Oil and gas have been the backbone of the CPRI market for many years, but we now know there is going to […]
