BPL Global’s Sian Aspinall and James Esdaile discuss independence for Insurance Day’s “Big Interview”

Speaking to Insurance Day for their “Big Interview” feature, BPL Global’s Managing Directors Sian Aspinall and James Esdaile explain how the credit and political risk insurance broker’s independence and specialist focus is a competitive advantage in one of the insurance market’s most niche areas.

“We think the market has the potential to grow exponentially,” said Sian Aspinall. “We are in a very strong position to grow by having the right people present in the right hubs.”

You can find the full interview here (behind paywall), or on page 6 of Insurance Day’s latest issue here.

BPL Global’s Sian Aspinall talks to Reactions about current CPRI landscape

In an interview with Reactions magazine, Sian Aspinall, Managing Director of BPL Global, 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) market.

Aspinall explained, “This year, maximum per-risk capacity available for political risk rose to US$3.2bn, representing a US$200m increase from 2018 and indicating healthy appetite within the market to write political risk insurance business.”

To read the full article, please see page 44 of the latest edition of Reactions (behind paywall).

 

James Esdaile, BPL Global, discusses corporate use of CPRI in Commercial Risk Europe

In a commentary for Commercial Risk Europe, James Esdaile, Managing Director of BPL Global, explains the need for risk managers of European corporates that operate in overseas markets to closely assess their need for credit and political risk insurance (CPRI), before an insurable event occurs.

A lack of awareness and interest in CPRI among corporate risk managers, argues Esdaile, leaves corporates potentially exposed in areas such as non-payment by overseas customers; failure of suppliers; terrorism; and equity investments.

Read the full commentary here (requires subscription).

BPL Global’s Jonny Carruthers comments on Excess of Loss credit insurance for TXF magazine

Jonny Carruthers, Assistant Director at BPL Global, explains the way in which Excess of Loss (XoL) credit insurance can help banks grow their trade receivables portfolios for TXF magazine.

Carruthers examines the history of XoL – which offers up to 100% cover – and explains the main benefits for banks, as well as outlining his prediction for future growth.

To read the full article, please click here.

BPL Global’s James Esdaile speaks to ExCred on the resilience of the CPRI market

Speaking to global trade and investment insurance forum, ExCred, James Esdaile, Managing Director, BPL Global, discusses the findings of the credit and political risk insurance broker’s latest Market Insight report.

Despite challenges facing the industry in 2018, such as uncertainty over Brexit and the UK Prudential Regulation Authority (PRA)’s consultation paper on credit risk mitigation (CP6/18), the market has shown resilience and even growth in key business lines. This, says Esdaile, speaks to “an agility within the market to adjust to both shifting risk patterns and evolving client demand.”  

The full commentary can be found here.

BPL Global’s 2019 CPRI Market Insight Report, covered by the specialist press

 

Leading credit and political risk insurance (CPRI) broker, BPL Global, has released the second edition of its annual Market Insight Report. The report, based on market surveys and BPL Global’s own portfolio, shows a slight decline in overall credit capacity for 2019 but significant upticks in the non-trade, non-payment public obligor, and political risk business lines.

Moreover, according to BPL Global, Spain and Germany ranked sixth and seventh respectively, in its top 10 nations for CPRI claims by value between 2016 and 2018, supporting the broker’s analysis that the CPRI market is becoming more open to covering risk located in the OECD.

The report also comments on the landscape and preparedness of the CPRI market in light of the UK’s decision to leave the European Union.

News of the report was covered by: Intelligent Insurer (behind paywall), Commercial Risk Europe (behind paywall), Insurance Business UK, Trade Finance Global, Insurance Day, and Credit Insurance News Digest.

S&P Global Ratings and Resilience Economics’ joint report on the effects of weather events on corporate earning is covered by the specialist press.

The effect of climate risk and severe weather events on corporate earnings can be significant. If left unmitigated, the financial impact could increase over time as climate change makes disruptive weather events more frequent and severe. The report entitled “The Effects of Weather Events on Corporate Earnings are Gathering Force” was jointly released by S&P Global Ratings and Resilience Economics.

The news was covered in Edie, EurActiv, Bloomberg, BNN Bloomberg, Bloomberg Quint, Earther, The Star Business Journal, Oil Price, The TeCake, BlouinNews, The News Recorder, Washington Post, CTM File, EcoNews, Environmental Leader, Climate Alliance, and Triple Pundit.

News of BPL Global opening its doors in Geneva covered by the specialist press

BPL Global – the leading specialist credit and political risk insurance broker – recently announced the opening of a new branch in Geneva. Philippine de Villèle (left) re-joins from UBS to head the office.

With a focus on developing new relationships with Swiss-based banks, traders, NGOs and other potential clients, the branch will also act as a local point of contact for the broker’s existing clients. It takes the number of BPL Global offices to six, joining London, Paris, Hong Kong, Singapore and Dubai.

Following outreach from Moorgate, news of the Geneva branch was published by TXF, Intelligent Insurer, IJ Global, Trade Finance, GTR, Sigorta Gündem, Credit Insurance News and Schweizer Versicherung.

BPL Global names Sam Evans as Director

BPL Global, the leading credit and political risk insurance (CPRI) broker, has recently announced the appointment of Sam Evans as its newest Director. Having joined BPL Global in 2004, Evans has extensive experience of helping European-based corporates, banks and commodity traders effectively use the CPRI product, with a strong focus and extensive experience of the African Market.

In his new role, Sam will continue to manage a London-based team of 6 people, which has traditionally focused on French-speaking banking sector and includes one of the world’s largest commodity traders based in Geneva. The team also counts as a client one of South Africa’s largest financial institutions and he was instrumental in placing their first 15 year interest rate swap in the market.

Commenting on the appointment, BPL Global’s Managing Director, Sian Aspinall, said: “Sam’s extensive market knowledge and calibre as a broker means that he is highly regarded at both BPL Global and by clients alike. We are delighted to welcome Sam to the board in recognition of this, and it evidences our long-standing commitment to promoting talent from within and retaining our independence.”

Following outreach from Moorgate, news of the appointment was published by GTR, TXF and Trade Finance.

BPL Global’s James Esdaile on the growth of the CPRI market in Reactions

Speaking to Reactions magazine, James Esdaile, Managing Director, BPL Global, provides a candid overview of the past and future of the credit and political risk insurance (CPRI) market.

According to Esdaile, the CPRI market has come a long way since he entered the business in 1997 – what was once a small market niche with approximately 10 players has become an attractive sector that boasts 50-60 primary insurers drawn by the market’s relatively high margin and the opportunity for diversification. As a result, the CPRI market now has a potential maximum line in the billions of dollar range and tenors of up to 20 years. Certainly, compared to other insurance business lines, the CPRI market still remains a niche market but growing awareness of the benefits and success in claims delivery renders it a valuable risk mitigation in its own right for both banks and corporate buyers.

The article also features excerpts from BPL Global’s inaugural Market Insight report, released earlier this year, which details the strides in claims and capacity within the CPRI sector since 1983 as based on market data and statistics from BPL Global’s own portfolio.

To access the magazine, please click here. The article is on pp. 26-27, but please note that a subscription is required to read it.

To read the full version of BPL Global’s Market Insight report, please click here.