Julie Page of Marsh to lead BIBA’s new International and Wholesale Brokers’ Advisory Board
29th April 2014
Julie Page, CEO, UK Consumer & Commercial Practice at Marsh Ltd, has been appointed Chairman of the British Insurance Brokers’ Association (BIBA) new International and Wholesale Brokers’ Advisory Board, with immediate effect. Julie will also take up a place on the main BIBA Board to ensure that matters affecting the association’s members operating in the Lloyd’s and London market are properly represented.
Julie said: “The insurance world is changing shape, with increasing diversity in operating models and the influence of policy and regulation impacting each differently. The new advisory boards give the BIBA membership a method of capturing the issues and views of its members in a way that recognises those differences. I am delighted to have been appointed chair of the advisory board and am looking forward to being an active representative on behalf of members.”
Jim Herbert, Chief Executive Officer at Aon Risk Solutions, will serve as Deputy Chairman of the advisory board.
The new advisory board’s role will be to connect BIBA at the highest levels both with market trends and developments, and also with the most senior stakeholders externally. The advisory board will meet on a quarterly basis to provide advice and counsel on matters affecting international and London market broking firms, acting as a sounding board to the main BIBA Board and Executive and providing support to them both when relevant.
Steve White, BIBA's Chief Executive, said: “I am delighted that Julie and Jim have agreed to help steer the advisory board. Part of the new advisory board’s remit will be to maintain and develop BIBA’s relationship with the London & International Insurance Brokers’ Association helping to determine issues where the two associations will share a common interest or goal in representing the segment and working more closely together. The new advisory board will provide a strong forum in which to consider those issues and members can rest assured that their concerns will be listened to and their views will be taken into account at BIBA.”
This is the fifth such advisory board to be formally launched following recommendations in BIBA’s Strategic Review to strengthen governance and segmentation. Other recommendations from the Strategic Review, which have recently been implemented, include the appointment of Lord Hunt of Wirral as BIBA’s first independent Non-Executive Director to the Board. Lord Hunt also became the new BIBA Chairman in January 2014.
The Strategic Review was announced in May 2012 with the appointment of consultants Deloitte, who made a number of recommendations which have been taken forward by BIBA's Board and Executive team in six main workstreams. Members voted overwhelmingly in favour of the changes proposed by the Segmentation and Governance workstreams at BIBA’s Extraordinary General Meeting (EGM) in October 2013.
Notes to editors
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2. For further information please contact:
BIBA press office:
Leighann Forsyth, Head of Communications
020 7397 0223
3. About the British Insurance Brokers' Association
The British Insurance Brokers' Association (BIBA) is the UK's leading general insurance intermediary organisation representing the interests of insurance brokers, intermediaries and their customers.
BIBA membership includes just under 2,000 regulated firms having merged with the Institute of Insurance Brokers (IIB) in November 2011.
General insurance brokers contribute 1% of GDP to the UK economy and BIBA brokers employ more than 100,000 staff.
53% of all general insurance is sold by an insurance broker and they arrange 81% of all commercial insurance business.
Insurance brokers put the client’s interests first, providing advice, access to suitable insurance protection and risk management.
BIBA helps more than 400,000 people a year to access insurance protection through it’s Find a Broker service, both online and via the telephone.
BIBA is the voice of the industry advising members, the regulators, consumer bodies and other stakeholders on key insurance issues. BIBA provides unique schemes and facilities, technical advice, guidance on regulation and business support and is helping to raise, and maintain, industry standards.