Leading specialist credit and political risk insurance (CPRI) broker, BPL Global, has announced the signing of a memorandum of understanding with EIA Global to form a joint venture insurance broking company in New York.
The joint venture will focus on global financial institutions which will benefit from its globally-integrated CPRI broking services. As client demand for such services dictates, the joint venture will expand its offerings to a growing list of financial institutions and multinational corporations with a worldwide footprint.
Commenting on the news, Charles Berry, Chairman of BPL Global, said: “This is an important step for BPL Global. The joint venture formalizes our long standing partnership with EIA Global, the leading CPRI broker in the U.S., and allows us to provide our international clients with a seamless service across the Americas to complement our existing capabilities in the EMEA and Asia Pacific regions. It completes our identity: specialist; independent and employee owned; and now truly global.”