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Client Sectors

From infrastructure, to commodities, renewables and finance, BPL represents many of the top purchasers of CPRI across all areas of the world economy.

We facilitate trade, investment and lending flows worldwide by placing credit and political risk insurance (CPRI) coverage on behalf of our clients.

Financial institutions

We count amongst our clients many of the world’s leading banks and non-banking financial institutions (FIs), for whom we have collected in excess of US$1bn in claims since 2007.

Our team of specialist brokers is dedicated to helping FIs cover their global lending and investment activities, encompassing everything from short-term trade finance and asset-backed finance, through to clean corporate loans in both OECD and developing economies.

CPRI solutions for financial institutions

Provides cover against default by public and private obligors for any reason, thereby protecting FIs from both commercial and political risks across a broad range of their lending activity. We can also provide protection against the non-honouring of guarantees or letters of credit, whether issued by public or private sector banks.

We have led the way in developing policies that qualify for regulatory capital relief by meeting the stringent requirements of credit risk mitigation under Basel regulations.

Products that can provide up to 100% cover for FIs purchasing pools of receivables, allowing our customers to achieve regulatory capital relief under Basel III / CRD IV.

A bespoke product for political perils only – especially relevant for a broad range of emerging market, project and infrastructure financing. This principally covers expropriation, currency and political risks.

This increasingly popular distribution tool can provide robust risk protection with the additional potential for significant capital efficiencies relative to the underlying exposures depending on the prevailing regulatory environment.

Our Reinsurance and Portfolio Solutions team uses reinsurance structures and techniques to provide FIs with a range of tailored facultative, portfolio-based risk transfer and capital relief insurance covers, including proportional and non-proportional structures, as well as reinsurance treaty solutions for captives and insurers.

Significant Risk Transfer (SRT) transactions allow FIs to transfer credit risk on a portfolio of reference assets while maintaining the legal ownership and client relationship of a wide range of underlying assets – including those relating to trade finance, project finance and residential mortgages as well as large corporate, SME, and asset-backed loans.

Leveraging a Captive can help enhance and diversify our clients’ use of insurance, allowing an institution to scale up their activities through the involvement of private reinsurance and alternative sources of capital, while also reducing costs for shareholders by financially rewarding a client’s strong track record via retention of its own insurance profits.

Find out what sets us apart

The BPL Advantage

Public agencies (DFIs and ECAs)

BPL works with various development finance institutions (DFIs) and export credit agencies (ECAs) to support their respective roles in facilitating finance and investment, predominantly into developing economies.

CPRI solutions for DFIs and ECAs

Our team of specialist brokers is dedicated to helping both bilateral and multilateral DFIs, and ECAs cover their global lending and investment activities, encompassing everything from short-term trade finance and asset-backed finance, through to clean corporate loans in both OECD and developing economies.

Provides cover against default by public and private obligors for any reason, thereby protecting public agencies’ counterparty exposure to both commercial and political risks. Our non-payment policies can also provide protection against the non-honouring of guarantees or letters of credit, whether issued by governments, banks or corporate institutions.

A bespoke product for political perils only – especially relevant for a broad range of emerging market, project and infrastructure financing. This principally covers expropriation, currency and political risks.

Our Reinsurance and Portfolio Solutions team uses reinsurance structures and techniques to provide FIs with a range of tailored facultative, portfolio-based risk transfer and capital relief insurance covers, including proportional and non-proportional structures, as well as reinsurance treaty solutions for captives and insurers.

Leveraging a Captive can help enhance and diversify our clients’ use of insurance, allowing an institution to scale up their activities through the involvement of private reinsurance and alternative sources of capital, while also reducing costs for shareholders by financially rewarding a client’s strong track record via retention of its own insurance profits.

Find out what sets us apart

The BPL Advantage

Commodity traders

BPL represents some of the largest commodity traders in the world – of which many have been with us for over 25 years. We have a wealth of experience across energy, metals and soft commodities, and together with the necessary resources and capacity, we service clients’ needs in this time-critical, high-volume sector to develop insurance structures that enable them to expand their global reach.

CPRI solutions for commodity traders

From the earliest days of CPRI, we’ve been working with commodity traders across energy, metals and soft commodities. We have a wealth of experience, together with the necessary resource and capacity, to service clients’ needs in this time-critical, high-volume sector, and develop insurance structures to enable them to expand their global reach.

Our comprehensive non-payment insurance provides cover against default by public and private obligors for any reason. This protects commodity traders’ counterparty exposure to both commercial and political risks. We can tailor the non-payment product to cover a broad range of a client’s credit exposure – whether that be straightforward trade finance or mark-to-market risk. Our non-payment policies can also provide protection against the non-honouring of guarantees or letters of credit, whether issued by governments, banks or corporate institutions.

We can procure prepayment insurance, which provides protection against counterparty performance risk for both commercial and political reasons – particularly relevant for pre-export finance transactions.

We provide political risk insurance to cover clients’ stocks of commodities around the world; protecting them in instances such as capricious acts of government. The same type of coverage can be deployed for a client’s fixed assets or equity investments.

Cover for portfolios of receivables, on a specialist Excess of Loss basis, or via more traditional Whole Turnover structures. Protection against Insolvency, Protracted Default and Political Risks.

Since the energy crisis, commodity traders have been tapping the surety market to diversify from their historical pool of banks for the issuance of bonds and guarantees, and to free up capacity on RCF, BBF or bilateral lines.

Leveraging a Captive can help enhance and diversify our clients’ use of insurance, allowing an institution to scale up their activities through the involvement of private reinsurance and alternative sources of capital, while also reducing costs for shareholders by financially rewarding a client’s strong track record via retention of its own insurance profits.

Corporate Investors

For 40 years, BPL has worked with some of the world’s largest corporate groups. We support those requiring political risk insurance for their investments, assets and global property portfolios, as well as providing political violence insurance to cover areas typically excluded from a standard property insurance policy. We have the experience and technical know-how needed for these complex, multi-peril placements.

CPRI solutions for Corporate investors

Since the early days of CPRI, we’ve been developing products that mitigate the full range of political risks facing investors’ foreign equity investments or owned property. We can source coverage for single situation risks, as well as structuring insurance programmes on a worldwide basis.

We also have deep expertise in providing political violence coverage, which plugs the gaps in a traditional property insurance policy and addresses the very narrow coverage within standalone terrorism policies. 

Our standard investment insurance product is designed for our corporate customers’ foreign investments, and normally provides coverage for expropriation, political violence, currency inconvertibility and breach of contract or arbitration award default.

We provide bespoke property-based political violence (PV) and political risk insurance against both physical damage and subsequent business interruption across the PV spectrum; from riot and terrorism to revolution and war. In addition to this regular cover, we can provide extended “war risks” cover for land-based property, including capture, seizure, confiscation and abandonment – areas usually excluded by a standard PV policy.

Find out what sets us apart

The BPL Advantage

Exporters

From our early days as a CPRI specialist, we’ve represented some of the world’s largest engineering, manufacturing and construction companies, enabling them to expand their business and global reach.

CPRI solutions for Exporters

Our team of expert brokers provides tailored insurance solutions for clients that correspond to the specific terms and conditions of complex export contracts, thereby helping exporters manage risk in their trading relationships around the world.

Our comprehensive non-payment insurance provides cover against default by public and private obligors for any reason, thereby protecting exporters’ counterparty exposure to both commercial and political risks. Our non-payment policies can also provide protection against the non-honouring of guarantees or letters of credit, whether issued by governments, banks or corporate institutions.

We structure pre-shipment and on-demand bond insurance policies to protect an exporter’s pre-shipment completion costs in the event of frustration of their export contract, and against unfair calling of on-demand contract bonds.

We source political risk insurance for plant and equipment maintained and operated by our clients to perform contracts overseas – providing protection against government acts, as well as political violence. The same type of coverage can be deployed for a client’s fixed assets or equity investments.

Cover for portfolios of receivables, on a specialist Excess of Loss basis, or via more traditional Whole Turnover structures. Protection against Insolvency, Protracted Default and Political Risks.

BPL is the world’s leading broker specialising exclusively in credit and political risk insurance (CPRI) for multinational corporations, financial institutions, global investors and public agencies.