The British Insurance Brokers' Association (BIBA) is the UK 's leading general insurance organisation representing the interests of insurance brokers, intermediaries and their customers. BIBA membership includes 1,700 regulated firms. BIBA brokers handle around half the value of all UK home, contents, motor, travel, commercial and industrial insurance policies. Insurance brokers make a direct and indirect contribution of 1% to UK GDP.
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.
BIBA broker funding facility provider Integritas announces new deal
Integritas, provider of an exclusive broker funding facility for members of the British Insurance Brokers’ Association (BIBA), has announced the completion of another successful deal in the general insurance sector.
Insurance broker and BIBA member, Bennett Christmas, a highly successful broker, based in Burgess Hill has built a strong brand and reputation for quality advice and professionalism across the market. Having funded previous acquisitions through their own resources, they approached Integritas to support them with providing an acquisition facility, to support and continue their ambitious growth plans. Through the use of the facility they expanded their growth by way of the purchase of sizable, local broker, Slade Edwards.
Roger Christmas – Group Finance and Strategy Director at Bennett Christmas commented:
“This is a significant acquisition for us and we needed the help and support of professionals to help make this work. Integritas approached several banks on our behalf and ultimately Clydesdale emerged as the perfect fit for the funds we were looking to raise. Martin White managed the whole process from start to finish and we now look forward to building a close working relationship with our new bank. We have enjoyed working with the guys at Integritas and have appreciated their guidance and support throughout.”
Martin White, Director of Integritas added:
“We have been delighted to work with Roger, David and Mark and this acquisition really accelerates their growth plans and enhances their offering. Several banks were keen to tender for this deal but Clydesdale’s flexible approach has been the key to winning this deal in a competitive market.”
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