Last week’s first meeting of the British Insurance Brokers’ Association (BIBA) new London Market Region Committee (LMRC) had a clear aim: to set the kind of goals and strategy that would mark a fresh approach to London broker representation.
The committee will be a new voice for its broker membership both inside BIBA and to other stakeholders, such as the Financial Services Authority (FSA) and the UK government.
The LMRC, made up of brokers and chaired by Ken Davidson, chairman of Crispin Speers, supersedes the London Market Brokers’ Committee, which finished its run at the beginning of the year.
As well as providing a new outlook, the committee will be more closely integrated into BIBA’s regional representational structure than its predecessor, allowing London market brokers to reap the benefits of wider membership.
Greater influence by members
BIBA also hopes that London brokers will take advantage of the committee to influence the organisation’s industry and lobbying work, including the manifesto (pdf) which underpins BIBA’s activities.
“We’ll be engaging with as many London market brokers as possible to discuss matters that affect them and where BIBA might focus its effort,” says Ken Davidson, chair of the committee.
LMRC will work closely with other London market bodies, including Liiba, to dovetail activities and take account of shared goals.
The committee welcomes London market members’ views on current market issues. Contact details can be found in BIBA’s press release.
