Leading specialist CPRI broker BPL Global has today published its annual Market Insight report revealing a snapshot of claims, emerging areas of demand and appetite and how the industry has fared over the past twelve months. Given its 20% share of the brokered market, BPL Global delves into its own portfolio statistics in the report […]
Financial Institutions
We count among our clients many of the world’s leading banks and financial institutions, assisting them in all aspects of their lending activities. We have led the way in developing specialty credit insurance products that provide financial institutions with protection against obligor default while also qualifying for regulatory capital relief.
Our Products: Financial Institutions
Comprehensive Non-Payment Insurance:
Excess of Loss Insurance:
Political Risk Insurance:
Our expertise and experience
At BPL Global, we pride ourselves on our technical knowledge and expertise developed over 35 years in the industry, enabling us to provide high-quality advice and tailored insurance solutions for financial institutions.
We have led the way in developing policies which qualify for regulatory capital relief by meeting the stringent requirements of credit risk mitigation.
We have extensive global experience, providing cover for financial institutions’ lending and investment activities in both OECD and developing economies, and encompassing everything from short term trade finance and asset-backed finance through to clean corporate loans.
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 tenor capability of up to 20 years.
World Leading Expertise
We have unrivalled expertise in providing credit insurance products for financial institutions that also qualify for regulatory capital relief, and our claims record is testament to our leading position in the CPRI market.
Our business portfolio’s aggregated exposure as at January 2020 was US$45.8bn, of which 75% relates to Medium-Long Term (MLT) non payment risk. We have collected over US$880m of claims for Financial Institutions.
Our Products
Our comprehensive non-payment insurance provides cover against default by public and private obligors without prescribing causation, thereby protecting financial institutions from both commercial and political risks.
We can also provide protection against the non-honouring of guarantees or letters of credit, whether issued by public or private sector banks. Similarly, our policies can be designed for financial institutions participating in structured trade transactions.
We have developed excess of loss insurance products that can provide up to 100% cover for financial institutions purchasing pools of receivables, enabling them to achieve regulatory capital relief under Basel III / CRD IV.
While the majority of our clients require comprehensive non-payment coverage, we can also provide bespoke political risk insurance that provides protection against political perils only – particularly relevant for project finance. This principally covers expropriation, currency and political security risks.
Why work with us
We pride ourselves on providing the highest levels of service to financial institutions 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 financial institutions. Since BPL Global’s establishment in 1983, we have settled over US$2.8 billion of claims for our clients, of which over US$880 million has been for financial institutions.
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
The current CEO of BPL Singapore, Harry McIndoe, is set to return to London to take on a new management role within the BPL Global Group following nine years in Asia, with Hayley Ek assuming responsibility over the coming months. McIndoe helped establish BPL’s Singapore office in 2012 and has been instrumental in both growing […]
With BPL New York LLC now established as one of its wholly-owned subsidiaries, BPL Global – the leading CPRI broker – is delighted to announce the appointment of Gabe Mansky and Andrea Friedman. Mansky and Friedman, who both join BPL New York from Arthur J. Gallagher, will be primarily focused on Israeli-based corporations and banks, […]
BPL Global and EQUA Specialty Risk Partners Corporation (EQUA) have today announced that they have signed a partnership agreement, effective immediately. Based in Canada, EQUA is a risk management and insurance brokerage firm offering customized solutions for specialty lines and will bolster specialist credit and political risk insurance (CPRI) broker BPL Global’s worldwide reach and […]
Lloyd’s is proposing to transfer certain EEA insurance policies to Lloyd’s Brussels. The proposed transfer will not change terms and conditions of any policy, except that Lloyd’s Brussels will become the insurer and Data Controller in respect of the transferred policies. Further information about the proposal (including whether it could affect your pre-transfer position), which […]
Now that just over two months have passed since the World Health Organization declared Covid-19 a global pandemic, we have produced an analysis of how the crisis is affecting credit and political risk insurance (CPRI) and the response of our market thus far. Read it here.
