Lord Hunt of Wirral to continue as BIBA chairman

1st December 2016

The Board of the British Insurance Brokers’ Association (BIBA) has renewed Lord David Hunt of Wirral’s tenure as Chairman of the Association for a second three year term.

Lord Hunt, co-Chair of the All Party Parliamentary Group on Insurance and Financial Services and a former President of the Chartered Insurance Institute, first took the position in January 2014 and was BIBA’s first independent Non-Executive Director.

Steve White BIBA Chief Executive said; I am delighted that we have been able to secure David’s services for a further three years.  His breadth of knowledge and experience have been invaluable to BIBA since 2014 and will be vital as the country and sector goes through a period of enormous change.”

Lord Hunt has encouraged BIBA’s lobbying activity to support the promotion of the interests of insurance brokers and their customers. Speaking of his reappointment he said: “Brokers arrange over half of all general insurance business, over a third of personal lines and almost 80 per cent of commercial lines insurance, so I am genuinely honoured and delighted to take up the opportunity to continue on this journey alongside the excellent BIBA team. I spoke earlier this year about the speed of activity at BIBA constantly increasing. Recent events – notably but not exclusively, the vote for EU Exit on 23 June – have served only to increase the challenges we face. I have no doubt we shall rise to those challenges and, working together, make further progress in protecting and advancing the interests of insurance brokers and the customers they serve so well.”

Ends

Notes to editor

For further information please contact:

1. BIBA press office:
Pam Quinn, Head of Communications
020 7397 0223
quinnp@biba.org.uk

Leighann Forsyth; Deputy Head of Communications
020 7397 0223
forsythl@biba.org.uk

  1. 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.

General insurance brokers contribute 1% of GDP to the UK economy and BIBA brokers employ more than 100,000 staff.

54% of all general insurance is sold by an insurance broker and they arrange 78% 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 250,000 people a year to access insurance protection through its Find a Broker service, both online and via the telephone.

BIBA is the voice of the sector advising members, the regulators, consumer bodies and other stakeholders on key insurance issues.