BPL and EIA increase CPRI capacity with new hires

BPL Global and EIA Global, both credit and politic risk insurance (CPRI) brokers, have made significant hires in response to increased demand for insurance from clients engaged in international trade, investment and lending.

EIA Global, based in the US, has appointed John Lavelle as senior managing director for trade credit, structured trade and political risk insurance.

Lavelle’s hire by EIA Global comes on the heels of a year of expansion for BPL Global, which has increased its workforce by over 10 percent in the past 12 months, taking the total to over 80 members of staff.

According to BPL, the hires have ranged from senior appointments, including James Reynolds and Jonny Carruthers, both assistant directors at the London branch, to trainee brokers and IT and business analysts in London, Singapore and Hong Kong.

Al Giandomenico, president of EIA Global, said: “John has over 30 years of experience in the trade credit, political risk and trade finance arenas and a level of expertise and professionalism that sets him apart from his peers. He is highly accomplished and well-regarded by clients and underwriters alike and adds significant breadth and depth to the expertise of EIA Global’s professional staff.”

James Esdaile, managing director of BPL Global, added: “Globally we are witnessing a jump in demand for CPRI; indeed, last year we transacted approximately $350 million of premium. In response, we are tooling up in London, Asia and the Middle East – while our partner does the same in the US.