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.