TXF Americas 2020
The fun in the sun returns! Bringing all key players together for two days of networking, we explore case studies of the latest deals and examine the next hot opportunities across the region.
Jonathan Bell talks with Anthony Palmer about his 41 years in the credit and political risk insurance (CPRI) market, the key events that have shaped its development, and what the future holds for BPL Global.
Most ECAs in the developed world do not compete with the private sector for ‘marketable’ risks; but when it comes to ‘non marketable’ risks, life is a lot more complicated.
With their huge capacity and state backing, ECAs for many years dominated the market for absorbing risk on longer-dated export credits. That’s changed, say private insurers, who argue the ECA mantra of only providing coverage that the private market can’t handle no longer holds true. Helen Castell reports.
Oliver Gordon, TXF’s News Editor, picks his favourite export credit finance stories from 2015.
Charles Berry, chairman of specialist insurance broker BPL Global, argues that as exporters and banks now often have a choice between ECA and private-sector cover, ECAs now find themselves competing within a market and therefore need to follow market practices, including those relating to sharing risks.
Berry Palmer & Lyle (BPL Global), the specialist credit and political risk insurance (CPRI) broker, is to open a representative office in Dubai as part of the group’s further expansion of overseas offices. The opening takes the number of BPL Global offices to five – joining London, Paris, Singapore and Hong Kong.
In this article, Charles Berry, Chairman, BPL Global, argues that, increasingly, the ECAs are needed to provide additional capacity for risks for which there is market appetite, not because the ECAs have an appetite for business that is too high risk for the private sector.
Sian Aspinall, formerly of AIG and Zurich, has joined Berry Palmer & Lyle (BPL Global) as development and technical director, where she been tasked with shaping and implementing the company’s future strategy.
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