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 […]
Our Markets
We have access to all insurers participating in the specialist credit and political risk insurance (CPRI) market, which number over 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 20 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 six 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 since 1983: 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
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 […]
