Parker Norfolk’s Richard Bishop discusses best practices for capitalizing on trade opportunities while simultaneously ensuring sound risk mitigation.
Richard Bishop is Director of Financial & Political Risk at Lonmar Global Risk. Specialist and an experienced insurance professional with 35 years experience in helping clients to achieve the best protection for the risks they face. Acknowledged expert in the field of Islamic insurance and reinsurance (Takaful/reTakaful) including the creation and structuring of capacity and products by financial institutions in support of insurance markets based in the EMEA regions, and is an author of a number of Shariah Rulings (fatwa) defining Shariah compliance for insurance carriers in the London Market including both insurance company and Lloyd’s syndicate capacity, operating both as Takaful “windows” of conventional risk capital and for those utilising fully Shariah compliant risk capital.He is a key industry speaker and author of many articles on the nature and benefits of Shariah compliant insurance and reinsurance protection and was the founder of both the first UK based Shariah compliant broker, and co-founder of the first Shariah compliant MGA and Lloyd’s Coverholder.