In Insurance Day’s “Big Interview”, our Managing Directors, Sian Aspinall and James Esdaile, discuss how BPL Global is thriving as an independent, monoline broker despite increasing industry consolidation. “We think the market has the potential to grow exponentially,” says Sian Aspinall. “We are in a very strong position…by having the right people present in the […]
Our Markets
We have access to all insurers participating in the specialist credit and political risk insurance (CPRI) market, which number in excess of 50 across five regional insurance hubs. There is substantial global breadth and strength to the CPRI market, demonstrated by its resilience to economic and political uncertainty and events over many decades.
The breadth of our markets
The CPRI market’s aggregate capacity has increased year-on-year, more than doubling in size from pre-2008 levels – demonstrating both its significant depth and resilience. Likewise, the CPRI market’s appetite to underwrite extended policy periods –in excess of 15 years – has increased substantially in recent years. With over 50 insurers participating in the CPRI market with a combined theoretical capacity of approximately US$3 billion per transaction, it is a dynamic and competitive environment.
We have access to all insurers operating within the CPRI market, encompassing Lloyd’s syndicates, the wider company market in London and other regional insurance hubs.
We pride ourselves in marketing each transaction extensively to obtain the most appropriate cover at the best available terms. With the largest specialist broking team in the CPRI market operating across five global offices, we ensure efficiency of service for our clients. We believe in face-to-face negotiation in order to understand insurers’ differing appetites and underwriting capabilities so that we can match these effectively with the needs of our clients.
World Leading Expertise
With over 50 insurers – both at Lloyd’s and in the wider company market – with a combined theoretical capacity of approximately US$3 billion per transaction, the CPRI market is a dynamic and competitive environment.
Our market’s aggregate capacity has more than doubled in size from pre-2008 levels, with all insurers’ credit ratings in the single A category or above.
The strength of our markets
All insurers we access have credit ratings in the single ‘A’ category or above, and our Security Committee assesses and approves the financial security of each insurer we approach. In addition, we can support our clients’ counterparty approval procedures by facilitating meetings with insurers as needed.
Our markets’ innovation
We are widely recognised amongst our peers as having been at the forefront of every major development and innovation in the CPRI market over the past 35 years; from supporting the Lloyd’s market’s initial entry into trade credit insurance and expanding the breadth of political violence coverage for corporate investors, through to ensuring policy wordings adapt to fit complex regulatory banking requirements and address fundamental changes in insurance law under the Insurance Act 2015.
We believe in working with our markets to develop products that recognise the changing needs of our clients’ businesses.
Find out what sets us apart:
In the news
In the latest issue of Reactions, our Managing Director, Sian Aspinall, discusses how the political risk insurance market performed in 2018 and the current state of play across the wider credit and political risk insurance (CPRI) industry. “Maximum per-risk capacity available for political risk rose to $3.2bn, representing a $200m increase from 2018 and indicating […]
BPL Global has today announced the appointment of Donnie DiCarlo as Executive Vice President. DiCarlo, who joins after 10 years as Senior Vice President of Marsh’s Credit Specialties Group, will be based in New York and is charged with expanding BPL Global’s client base in the US and the wider Americas region. Known primarily for […]
Leading specialist credit and political risk insurance (CPRI) broker brings technical expertise to New York with claims seminar. BPL Global marked the opening of its New York office on 26th March with an event bringing together some of the region’s leading experts in the CPRI industry. The event, titled “The Shop Window”, consisted of three […]
Freely joins Executive Board to help shape the insurance broker’s global strategy, having previously been Global Head of Marsh’s Credit Specialties Group. BPL Global, the leading credit and political risk insurance (CPRI) broker, is delighted to announce the appointment of Evan Freely to its Executive Board. Bringing over 25 years of market experience, Freely will […]
BPL Global is pleased to announce the release of its latest Market Insight 2019 report. The new annual market report shows that Spain and Germany ranked sixth and seventh in the top 10 countries for CPRI claims by value from 2016 to 2018. Over the three-year period, the broker collected US$32 million and US$27 million in […]
