BPL Global, the leading credit and political risk insurance (CPRI) broker, has today announced the appointment of Gregory King-Underwood as Director and Head of Global Reinsurance and Portfolio Solutions.

A former barrister, King-Underwood moved to Guy Carpenter in 2012 where he latterly headed up the reinsurance broker’s trade credit, political risk, and surety and bond practice. Now based out of BPL Global’s London office, King-Underwood is charged with helping the broker capitalise on the growing synergies between the CPRI and reinsurance markets, as well as to provide portfolio-based cover for efficient risk transfer and better use of capital for both financial institution and corporate clients.

King-Underwood comments: “BPL Global has long stood out to me as the leading broker in the CPRI space. Therefore, I am delighted to not only be given the chance to build an equally strong reinsurance and portfolio solutions platform to add to BPL Global’s current offering, but to also explore the many growth opportunities afforded by the current period of market volatility and the demand for capital relief transactions.”

James Esdaile, Managing Director, BPL Global says: “We are very excited to welcome Gregory to BPL Global. His reinsurance experience will be invaluable in informing our strategy at a time of rising synthetic securitisation in the market, and as we receive an increasing number of enquiries related to the potential use of captives, our client base will also benefit directly from his insights.”