BPL Global, specialist Credit and Political Risk Insurance (CPRI) broker, has continued in promoting innovation by helping Andritz – international industrial group – access Euler Hermes’ Green2Green Single Risk solution to create a virtuous green cycle. As an international industrial group that manages natural resources, environmental protection is a central business priority of Andritz. Operating […]
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
Leading specialist credit and political risk insurance (CPRI) broker BPL Global unlocks Lloyd’s market capacity for credit risk cover for Japanese operations. BPL Global has led the way by establishing a binding authority with Lloyd’s Japan Inc. (LJI) dedicated solely to covering credit risks from Japan, using capacity from global insurer MS Amlin as the […]
BPL Global, specialist Credit and Political Risk Insurance (CPRI) broker, has further consolidated its position as the resident expert in the CPRI market with the release of its latest innovation, BPL Sphere – a new platform designed to give clients full and immediate visibility to their CPRI portfolio and exposures across their global operations. The […]
BPL Global has been named a “Leader in Trade for Resilience” at Global Trade Review’s (GTR) 2021 Awards in the Insurance category. While the full direct impact of the coronavirus pandemic on the credit and political risk insurance (CPRI) market remains to be seen, for the private insurance market overall, industry losses are forecast to […]
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 […]
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 […]
