Credit and political risk re/insurance broker BPL Global has announced the appointment of Gregory King-Underwood as Director and Head of Global Reinsurance and Portfolio Solutions.
A former barrister, King-Underwood has worked at Guy Carpenter since 2012, where he recently headed up the broker’s trade credit, political risk, and surety and bond practice
In his new role, he will be based out of BPL Global’s London office and will be responsible for helping the company capitalise on synergies between credit and political risk insurance (CPRI) and the reinsurance markets.
King-Underwood will also be charged with providing portfolio-based cover for efficient risk transfer and better use of capital for both financial institution and corporate clients.
“BPL Global has long stood out to me as the leading broker in the CPRI space,” said King-Underwood.
“Therefore,” he continued, “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 at BPL Global, also commented: “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.”BPL