BPL Global appoints head of global reinsurance and portfolio solutions
BPL Global, the credit and political risk insurance (CPRI) broker, has named Gregory King-Underwood as director and head of global reinsurance and portfolio solutions.
Based in London, King-Underwood helps the broker capitalise on the growing synergies between the CPRI and reinsurance markets. He also provides portfolio-based cover for efficient risk transfer and better use of capital for both financial institution and corporate clients.
King-Underwood joined Guy Carpenter in 2012 where he latterly headed up the reinsurance broker’s trade credit, political risk and surety and bond practice.
James Esdaile, managing director at BPL Global, said the company is receiving an increasing number of enquiries related to the potential use of captives, and said its client base will benefit from his insights. “His reinsurance experience will be invaluable in informing our strategy at a time of rising synthetic securitisation in the market," he added.
King-Underwood described BPL as the leading broker in the CPRI space and said he welcomed the chance to build an equally strong reinsurance and portfolio solutions platform. He said he looked forward to exploring “the many growth opportunities afforded by the current period of market volatility and the demand for capital relief transactions.”