BPL Global is proud to announce its support for Street Storage, the only service in the UK specifically providing free, safe, and accessible storage to those experiencing homelessness. The importance of keeping items safe can be (and has been) overlooked when it comes to homelessness, with people sleeping outside at particular risk of having their […]
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
Founded in 1983, BPL Global has grown to become the leading specialist CPRI broker for multinationals, banks and financial institutions. Established amidst a fast changing, newly entrepreneurial culture within the London insurance industry, BPL Global’s achievements have been closely intertwined with, and shaped by, the evolution of the insurance industry and CPRI market. To celebrate […]
BPL Global is dedicated to supporting charities and causes, both locally and internationally, which address pressing societal and economic issues. One of the initiatives that has recently caught our attention and support is Insulate Ukraine – a project that temporarily restores bomb-damaged windows in homes and municipal buildings across war-torn Ukraine, while investing in people, […]
LONDON, UK. Leading CPRI broker BPL Global has appointed seasoned banking professional Riz Sheikh to expand its Portfolio Solutions team. With over 20 years of experience in securitisation and structured finance, Sheikh will lend his expertise to the development of BPL Global’s Significant Risk Transfer (SRT) offering, to complement its existing portfolio solutions capabilities for […]
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 […]
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, […]
