BPL Global has been crowned “Best Trade Credit and Political Risk Insurance Broker” in the 2013 GTR Leaders in Trade awards. This year, a change to the judging process meant that the winners were picked by the magazine’s global and regional editorial boards, comprising respected figures in the trade finance market. A full list of the results can be found here.

Commenting on the recognition, Charles Berry, Chairman, BPL Global, said: “BPL Global has long been synonymous with the growth of the political risk insurance (PRI) market, and this recognition from GTR’s editorial board speaks as much about the resilience of the market itself as it does about our own dedication to making sure that it works for our policyholder clients. Certainly, despite global economic concerns and continued social and civil strife in many emerging markets, the PRI market has continued to perform strongly.”

Berry added: “We at BPL Global continue to strive to achieve better, cheaper and more readily available credit and political risk insurance for emerging economies. As part of this we are seeing the PRI market broaden its reach geographically – especially into Asia where we have seen considerable growth this year. Additionally, this year has seen increased PRI appetite and capacity for medium–to-long–term export credit business, offering an alternative to traditional ECA cover. This is an area we see growing over the next few years.”