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.
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.
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.
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, 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.
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.
BPL Global has, once again, been named “Best Trade Credit and Political Risk Insurance Broker (CPRI)” at this year’s Global Trade Review (GTR) “Leaders in Trade” awards.
The award, which highlights excellence in the trade, commodity, supply chain and export finance industries, will add to the BPL Global’s impressive streak in this category over the past eight years and positions the broker firmly as the leading specialist in the CPRI market.
The full awards write-up is available here.
Market capacity for credit and political risk insurance (CPRI) has grown by 30% since 2015 according to the first ever Market Insight report released by BPL Global, marking its 35th year as the leading CPRI broker.
Based on market statistics and BPL Global’s own portfolio, the report provides an analysis of the CPRI market’s capabilities, current worldwide risk exposures and a claims update, focusing in particular on claims activity since the global financial crisis.
“Our report shines a spotlight on the fact that appetite for the CPRI class is on an upwards trajectory – both in terms of capacity and tenors” says Sian Aspinall, Managing Director, BPL Global. “Furthermore, analysis of market data clearly shows that it is adapting its capabilities to match natural return on investment for areas such as project finance structures, providing coverage for up to 25 years. Also notable is the jump in capacity for non-trade related credit insurance to over US$1.5bn per risk – an area previously constrained by Lloyd’s regulatory requirements.”
Following outreach from Moorgate, the report was covered by: TXF, Insurance Insider, Asia Insurance Post, Insurance Shark, Strategic Risk Europe, Business Insurance, Insurance Insider (2), Luther Pendragon, Commercial Risk Europe, Corporate Risk & Insurance, Global Trade, Credit Insurance News and The Treasurer.
To download a copy of the full report, please click here.
With acute weather events making the news more frequently, the impact of climate change is high on the international agenda. As such, lenders and institutional investors are naturally keen to understand how both environmental and climate (E&C) risks and opportunities affect credit ratings.
Jessica Williams, Analyst, Sustainable Finance, S&P Global Ratings explains how E&C risks and opportunities factor into credit ratings, and how companies successfully managing the transition to a low-carbon economy – by mitigating or adapting to the effects of climate change – can benefit from changes in the market.
To read the full article, please click here and scroll to pages 29-31
Leading specialist credit and political risk insurance (CPRI) broker, BPL Global, has announced the signing of a memorandum of understanding with EIA Global to form a joint venture insurance broking company in New York.
The joint venture will focus on global financial institutions which will benefit from its globally-integrated CPRI broking services. As client demand for such services dictates, the joint venture will expand its offerings to a growing list of financial institutions and multinational corporations with a worldwide footprint.
Commenting on the news, Charles Berry, Chairman of BPL Global, said: “This is an important step for BPL Global. The joint venture formalizes our long standing partnership with EIA Global, the leading CPRI broker in the U.S., and allows us to provide our international clients with a seamless service across the Americas to complement our existing capabilities in the EMEA and Asia Pacific regions. It completes our identity: specialist; independent and employee owned; and now truly global.”
Following Moorgate’s outreach, the news was covered by TXF, Trade Finance, Global Banking & Finance Review, Insurance Business America, Insurance Insider, Intelligent Insurer and News Locker.