The British Insurance Brokers’ Association (BIBA) is pleased to welcome Lloyd’s as a partner.
Lloyd’s is the world’s specialist insurance and reinsurance market. It’s unique insurance market has an unrivalled concentration of specialist underwriting expertise and every day, more than 50 leading insurance companies, over 380 registered Lloyd’s brokers and a global network of over 4,000 local coverholders operate in the Lloyd’s market.
The business written at Lloyd’s is brought to specialist syndicates, who price and underwrite risk, via brokers and coverholders.
Steve White, BIBA CEO said: “BIBA, many of our members and Lloyd’s have always worked closely together and we are now pleased to be welcoming Lloyd’s on board as an official BIBA partner. We will continue to work with Lloyd’s on issues relevant to both the Lloyd’s market and wider cross-industry issues to benefit all members.”
Dawn Miller, Lloyd’s Commercial Director said: “Brokers are a vital distribution channel for the Lloyd’s market and we’re delighted to be a BIBA partner. The partnership will bring great advantages to BIBA members to further develop technical knowledge, skills and expertise to make a real difference in their careers and to help drive the innovation and insurance solutions that our market is so well-known for. The new partnership will also provide opportunities which will enhance access to Lloyd’s for BIBA members. We have a great relationship with Steve White and his team and we look forward to building closer links with the BIBA membership.”
BIBA and Lloyd’s are hosting two one-day forums in Birmingham and Manchester to help brokers learn more about doing business with the Lloyd’s market.
Find out more about Lloyd’s here.
Notes to editors
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- 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 around 1800 regulated firms, employing more than 100,000 people. General insurance brokers contribute 1% of GDP to the UK economy; they arrange 74% of all general insurance with a premium totalling £85.8bn and 93% of all commercial insurance business. Insurance brokers put their customers’ interests first, providing advice, access to suitable insurance protection and risk management.
BIBA receives hundreds of thousands of enquiries per year to its Find Insurance Services, online and via the telephone, which are directed to insurance broking firms.
BIBA is the voice of the sector advising members, Government, regulators, consumer bodies and other stakeholders on key insurance issues.