In light of recent geopolitical events, Anna Morgan, Legal Director at BPL Global, addresses some of the questions that have arisen around sanctions clauses in non-payment policies, specifically the market standard ‘LSW 1865’, and sets out some key points to consider. Is non-payment due to sanctions covered under a standard non-payment policy wording? The short […]
Global Reinsurance
& Portfolio Solutions
Our Global Reinsurance and Portfolio Solutions team employs the growing synergies between the credit and political risk insurance (CPRI) and reinsurance markets to offer portfolio-based cover for efficient risk transfer and enhanced use of capital for both financial institutions and corporate clients.
Our team also provides traditional facultative and treaty reinsurance for insurers, captives, surety providers, multi-lateral agencies, export credit agencies and financial guarantors.
Our Products: Reinsurance & portfolio solutions
The SRT Market
Portfolio Solutions
Significant Risk Transfer Transactions
A growing synergy between CPRI and reinsurance, Significant Risk Transfer (SRT) transactions allow financial institutions to shift credit risk on a portfolio of assets while maintaining the legal ownership and client relationship of a wide range of underlying assets – including those relating to residential mortgages, trade finance, project finance, as well as large corporate, SME, and asset backed loans.
Structured with a least two different stratified risk tranches of the underlying pool of assets, SRTs reflect degrees of credit risk in the portfolio. In exchange for risk premium paid by the financial institutions, SRT (re)insurers cover all losses of an entire pool of assets up to an aggregate limit, supported by their credit and political risk expertise and sophisticated modelling and actuarial capabilities.
With this structure, financial institutions, using both the standardised approach as well as Internal Ratings-Based method, can qualify for significant regulatory capital relief under Basel III/CRD IV.
World Leading Expertise
We have deep expertise in delivering reinsurance and portfolio-based solutions for our financial institutions and corporate clients which provide for efficient risk transfer and enhanced use of capital.
(Re)insurers covering SRT transactions, also known as Unfunded Investors, provide meaningful capacity and competitive pricing due to their risk-based premium calculation. Without collateral requirements, Unfunded Investors are able to provide cover for thicker tranches compared to Funded investors.
Portfolio Solutions
BPL Global’s Portfolio Solutions platform uses reinsurance structures and techniques to provide financial institutions with a range of tailored portfolio-based risk transfer and capital relief insurance covers, including proportional and non-proportional structures.
Reinsurance
We also provide specialist credit and political risk reinsurance broking services for insurers, captives, reinsurers, surety providers, multi-laterals, ECAs and financial guarantors. This includes broad range of facultative and treaty reinsurance programmes, such as quota share, Excess of Loss (per risk/obligor or on an aggregate basis) and surplus solutions.
Using our actuarial and data modelling capabilities, we structure, analyse, and advise on pricing for reinsurance programmes. We support our clients throughout the renewal process – from data gathering and modelling, submission preparation, reinsurer engagement and negotiation, through to treaty inception and counterparty monitoring.
Find out what sets us apart:
In the news
BPL Global’s Gregory King-Underwood speaks to Uwe Haug, Head of Underwriting Strategy and Business Development – Financial Risks Reinsurance at Liberty Mutual Reinsurance, delving into the January 1st renewal season and how recent Covid-19 variants have impacted reinsurers. They also discuss the difference in performance between Lloyd’s and Company markets, and Private carriers versus ECAs, […]
BPL Global has joined a City-wide effort to support the East End Community Foundation (EECF) in the charity’s Covid relief fund – the Life Chances campaign – as a founding campaign partner. The EECF has launched the Life Chances campaign to support vulnerable and underrepresented communities in the East End of London that have been […]
We are proud to announce that Geraldine Gan and James Lord have been recognised in the Political Risk and Credit category at the prestigious 2021 Lloyd’s Asia Broker Awards. Broker Geraldine Gan and Assistant Director James Lord have made a notable impact on Lloyd’s platform in Singapore this year, with the award reaffirming the professionalism, […]
Sian Aspinall, Joint Managing Director at BPL Global, sits down with Markel’s Trade Credit Head of Business Development, Simon Philpin for the latest instalment of the ‘Class Conversation’ podcast, discussing key issues and developments in the credit and political risk insurance market Sian and Simon take an in-depth look at the latest trends in credit […]
In this episode of BPL Pulse’s podcast, Tim Hughes, Director at BPL Global, speaks to Andrew Beechey, Managing Director at Tierra Underwriting, about renewable energy in the Credit and Political Risk Insurance market. “Oil and gas have been the backbone of the CPRI market for many years, but we now know there is going to […]
