Our company was founded in 1983 when the CPRI market was in its infancy. Since then, we have settled over 490 claims worth over US$2.8 billion. Along the way, we have developed a deep knowledge of our market and product, enabling us to provide high quality advice and tailored solutions.
We are proud to be employee-owned, allowing our teams and our clients to build long-term relationships. As an insurance broker, we act exclusively for our clients as their agent. We do not act for insurers, and take no additional payments or commissions from insurers for the services we provide to them while acting for policyholders.
Our global network ensures we can provide services for our clients worldwide from our offices in London, New York, Paris, Geneva, Singapore and Hong Kong. We also recently signed a partnership agreement with EQUA Specialty Risk Partners Corporation based in Canada which further bolstered our global reach.
A ‘crisis’ doesn’t mean that the CPRI market withdraws and ECAs step in – far from it! The CPRI
market continues to write long-term, non-cancellable limits. ECAs do not represent the be all and
end all of insurance in the export finance market: the private market offers a wealth of opportunity for cover. Our leaders from the CPRI space consider:
Underwriters and brokers are pitted against each other to share the latest outlook for the CPRI market in light of recent retractions in private market capacity due to Covid-19:
The pandemic is having an impact on the CPRI market in terms of appetite and capacity. How and where (countries and sectors) have underwriting opportunities been hit? Surveys say more than two thirds of insurers have reduced their credit income forecasts. Why? Is new established minimum criteria making it more difficult to take on new risk and will that increase risk premiums and pricing, cut line sizes and indemnity levels? While appetite has been adjusted for future books what is the outlook on current concerns and claims in the portfolio? What has been the effect of ECAs and alternative providers stepping in to fill gaps in private market cover – is it a long term trend? How will PRI providers seek to diversify and write new business – and will that affect cover in Africa? The greening of private insurance is also working in tandem with the crisis; what impacts are being seen on insurers and reinsurers? This session explores this and the future of new entrants and products amid a rapidly changing backdrop.
A discussion amongst underwriters from both private insurance and ECAs on insuring LatAm MLT risk in the post-Covid environment.