BPL Global, the leading credit and political risk insurance (CPRI) broker, has created a team dedicated to excess of loss (XOL) trade credit insurance with a specific focus on the trade finance sector. XOL traditionally supports strong credit management within large multinational corporates. Recent product and technological developments, coupled with new underwriter entrants, now mean […]
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 15 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 is approximately US$40bn, of which over 75% relates to Medium-Long Term (MLT) non payment risk. We have collected over US$800m 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$2.4 billion of claims for our clients, of which over US$800 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
On Wednesday 4th July, we were delighted to host a reception at the Natural History Museum to celebrate 35 years of BPL Global. From our beginnings in 1983 with four staff, we have grown to become the largest specialist broking team in the credit and political risk insurance market. We could not have done this […]
BPL Global has established, via its French subsidiary BPL S.A., a branch office in Geneva. The new Geneva branch will focus on developing new relationships with Swiss-based banks, traders, NGOs and other potential clients, as well as being a local point of contact for the broker’s existing clients. Philippine de Villèle joins from UBS to […]
BPL Global, the leading credit and political risk insurance (CPRI) broker, today announced the appointment of Sam Evans as Director. He joined BPL Global in 2004, and has extensive experience of helping European-based corporates, banks and commodity traders effectively use the CPRI product, with a strong focus on and extensive experience of the African market. […]
BPL Global has been crowned “Best Trade Credit and Political Risk Insurance Broker (CPRI)” at this year’s Global Trade Review (GTR) “Leaders in Trade” awards. The award takes BPL Global’s haul in this category over the years to an impressive eight. James Esdaile, Managing Director, commented: “To be named once again as top of the […]
BPL Global has become the first broker to have placed a credit and political risk insurance (CPRI) policy on PPL, the London insurance market’s electronic placing platform. PPL is an electronic placing platform which enables brokers and insurers to quote, negotiate, bind and endorse business digitally. It was designed to allow participants in the London […]
