The British Insurance Brokers’ Association (BIBA) has announced the formation of the BIBA London Market Region Committee (LMRC), which will represent its London market brokers.
The committee is chaired by Ken Davidson, currently chairman of Crispin Speers, and will be integrated into BIBA’s existing regional committee structure.
The new body replaces the London Market Brokers’ Committee, which was disbanded at the beginning of the year.
It aims to provide a strong voice on behalf of BIBA’s London market broker community to the Financial Services Authority, European regulators, the Government and other stakeholders.
BIBA says the change will allow it to engage directly with London market brokers, who can then influence BIBA’s key industry and lobbying initiatives.
LMRC members will have the opportunity of joining the BIBA Board, General Insurance Brokers’ Committee, regional and technical committees.
They will also be working with other London market bodies, including the London & International Insurance Brokers’ Association, on areas of mutual interest.
BIBA’s chief executive, Eric Galbraith, sums up by saying: “LMRC will provide strong representation for London market brokers and also provides a new opportunity for this important sector of the market to be integrated into BIBA’s well established structure, which has achieved a number of wins for brokers with the regulator and the Government recently.”
