Speaking at Trade & Forfaiting Review’s annual insurance round-table event, Charles Berry, Chairman, BPL Global, discussed a whole host of issues concerning the political risk insurance market with peers from Marsh, Coface, Aon, Dentons and Beazley. In particular, Berry stated “the market is happy to write business in countries like Vietnam and Mongolia, where it makes sense. The insurance industry, of which credit and political risk insurance is a small part, can take these risks; it is in robust shape and has been functioning perfectly normally throughout the financial crisis. Furthermore, it has been dealing routinely with losses arising from natural catastrophes measured in billions”.
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