Stuart Reid named new BIBA Deputy Chairman

14th May 2014

Stuart Reid, Bluefin’s Executive Chairman, has been appointed as the Deputy Chairman of the British Insurance Brokers' Association (BIBA).

The announcement, made at BIBA's conference in Manchester by Steve White, BIBA's Chief Executive, follows confirmation that the current Deputy Chairman, Brendan McManus, outgoing CEO of UK Retail at Arthur J Gallagher, has stepped down from the position.

Stuart said: “I was delighted to originally be selected as Chair of the Larger Brokers’ Advisory Board but I will now take on the BIBA Deputy Chairman’s role with great honour and enthusiasm.  It is an important time for brokers and they need a strong voice.  The new governance structure at BIBA has certainly ensured that we have that and I am pleased to be a part of it.”

Peter Blanc, CEO, UK Retail, Arthur J Gallagher, will replace Stuart as the Chair of the Larger Brokers' Advisory Board and join the main BIBA Board as the voice of larger BIBA members.

Peter said: “It is a privilege to take over as Chairman of the Larger Brokers’ Advisory Board and join the main BIBA Board. The advisory board will give members a simple route into BIBA and as its Chairman, I will passionately promote those issues at Board level.”

Steve made the announcement alongside confirmation of the new BIBA Board. He told delegates: “following an extensive consultation exercise, BIBA members voted overwhelmingly for changes to our governance which better reflects the way in which insurance intermediaries are now segmented.”

Full details of the advisory boards and their composition can be found on the BIBA website. https://www.biba.org.uk/GovernanceStructure.aspx

Lord Hunt, BIBA’s Chairman, said: “I am delighted that Stuart will become my deputy, his appointment, along with the changes to the Board, put BIBA in a very strong position. Brendan has played a key role in driving forward the changes at BIBA during the last year, not least his role in leading the segmentation work stream of the strategic review and I thank him for his support.”

Brendan concluded: "Now is the right time for me to step down.  I've been in place for five years and seen through the segmentation work stream of BIBA's strategic review.  I leave knowing that there is a strong and fully representative governance structure in place to represent members at all levels and that reflects broking in the 21st century.”

 

-ends-

Notes to editors

  1. Click here for Steve White’s full speech

     

  2. For further information please contact:

    BIBA press office:
    Leighann Forsyth, Head of Communications
    07917 738 721
    forsythl@biba.org.uk 
     

  3. About 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.