Lloyd’s becomes a BIBA partner
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.
Authored by BIBA
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.