BIBA partners Bluefin for new D&O offering
by Gill Montia
Story link: BIBA partners Bluefin for new D&O offering
The British Insurance Brokers’ Association (BIBA) has partnered with Bluefin to provide a new members’ scheme for Directors & Officers (D&O) insurance.
Bluefin is already a BIBA scheme provider, having run MotorRiSK BIBA for almost four years.
The new policy, which includes a number of exclusive benefits to BIBA members, is underwritten by ACE European Group and [...]
Small businesses lag behind in major incident planning
by Gill Montia
Story link: Small businesses lag behind in major incident planning
The British Insurance Brokers’ Association (BIBA) is calling on the Government to do more to ensure that small businesses can survive a major incident.
According to the Association, 80% of small businesses affected by events such as a fire, flood, an act of terrorism, or a pandemic close down within 18 months.
However, research commissioned by BIBA [...]
Aviva to promote BIBA members in TV campaign
by Gill Montia
Story link: Aviva to promote BIBA members in TV campaign
The British Insurance Brokers’ Association (BIBA) has announced that its online “find a BIBA broker” facility is to feature in Aviva’s next advertising push.
The TV campaign, which begins in October, will encourage commercial customers to contact their local broker for advice, through an Aviva branded version of the BIBA search facility.
BIBA is therefore urging [...]
BIBI and associates launch solicitors’ PI guide
by Gill Montia
Story link: BIBI and associates launch solicitors’ PI guide
The British Insurance Brokers’ Association (BIBA), The Law Society and The Association of British Insurers (ABI) have launched a guide to buying professional indemnity (PI) insurance for solicitors, providing a resource for the renewal process.
According to the trade bodies, the solicitors’ PI insurance market is “complicated and unique with a specific policy wording and a [...]
Biba members fight harder on claims
by Gill Montia
Story link: Biba members fight harder on claims
The recession is prompting insurers to make lower offers for claims.
The suggestion comes from the British Insurance Brokers’ Association (Biba) which has been researching its members to find that the majority have been successfully fighting for increased payments over the past year.
The survey found that 91% of brokers had secured an increased payment for a [...]
BIBA named Trade Association of the Year
by Gill Montia
Story link: BIBA named Trade Association of the Year
The British Insurance Brokers’ Association (BIBA) has been named 2009 Trade Association of the Year.
The body, which represents 17,000 UK brokers, received the Best Practice Award from the Trade Association Forum and also won the Commercial Initiative and Exhibition categories.
Thirty seven other associations were in the running but judges were impressed with BIBA’s ability to [...]
BIBA appoints new chairman
by Gill Montia
Story link: BIBA appoints new chairman
The British Insurance Brokers’ Association (BIBA) has announced that Patrick Smith is to become its new chairman.
Mr Smith, who is also chairman of Swinton, will be confirmed as chairman elect at BIBA’s annual general meeting later this month and will take up the role in September, replacing Derek Thornton.
In addition to 38 years’ experience [...]
BIBA launches London Market Region Committee
by Gill Montia
Story link: BIBA launches London Market Region Committee
The British Insurance Brokers’ Association (BIBA) has announced the formation of the BIBA London Market Region Committee (LMRC), which will represent its London market brokers.
The committee is chaired by Ken Davidson, currently chairman of Crispin Speers, and will be integrated into BIBA’s existing regional committee structure.
The new body replaces the London Market [...]
BIBA proposes ’signpost’ solution for over-65s
by David Masters
Story link: BIBA proposes ’signpost’ solution for over-65s
Insurers are putting pressure on the government to modify new equality laws so they continue to refuse cover to elderly clients.
Currently, many insurers put upper age limits on motor and travel insurance policies, and charge people double premiums on travel insurance after they turn 66.
The government’s proposed Equality Bill would put an end to this [...]
Trade credit insurance scheme back-dated
by Gill Montia
Story link: Trade credit insurance scheme back-dated
The Government has agreed to back date access to “top up” cover on trade credit insurance to 1st October 2008.
The news has been welcomed by the British Insurance Brokers’ Association (BIBA), which has been petitioning the Department for Business Enterprise and Regulatory Reform (BERR) for the change.
According to BIBA, the original scheme failed firms with [...]
BIBA celebrates reduced FSA levies for intermediaries
by Gill Montia
Story link: BIBA celebrates reduced FSA levies for intermediaries
The British Insurance Brokers’ Association (BIBA) is celebrating a successful campaign over the levies payable to the Financial Services Authority (FSA) by insurance intermediaries.
The regulator has today published a policy statement setting out its final decision on the level of regulatory fees and levies for the 2009/2010 financial year.
The document reveals that a significant amount [...]
BIBA appoints Aon Corporate CEO to board
by Gill Montia
Story link: BIBA appoints Aon Corporate CEO to board
The British Insurance Brokers’ Association (BIBA) is appointing Robert Brown, chief executive officer of Aon Corporate and Affinity, to its board.
Mr Brown, who has worked in the insurance industry for 25 years, will take up the post in July 2009 and Eric Galbraith, BIBA’s chief executive, believes his wealth of knowledge and experience will be [...]
Recession ravaged consumers cut home and motor cover
by Gill Montia
Story link: Recession ravaged consumers cut home and motor cover
The British Insurance Brokers’ Association (BIBA) has published new research showing that consumers are reducing insurance cover as a result of the recession, with home and motor insurance taking the brunt.
In a survey of its members, the body found 23% of respondents had seen their personal lines customers reduce their level of insurance protection since [...]
BIBA airs concerns over cutbacks in commercial lines cover
by Gill Montia
Story link: BIBA airs concerns over cutbacks in commercial lines cover
New research from the British Insurance Brokers’ Association (BIBA) shows the extent to which UK businesses are cutting back on insurance cover during the recession.
According to the body, more than half of BIBA brokers surveyed have seen commercial customers reduce their level of insurance protection during the economic downturn.
Of this group, 45% reported that clients [...]
BIBA negotiates regulatory fee discount
by Gill Montia
Story link: BIBA negotiates regulatory fee discount
The British Insurance Brokers’ Association (BIBA) has negotiated special terms for the payment of regulatory fees and levies by its members.
Next year, BIBA subscribers will receive a discount of 0.5% on their dues to the Financial Services Authority, compared with non-trade association members.
The scheme is being provided in partnership with Premium Credit, which currently offers [...]
BIBA speaks out on proposed FSA fees and levies
by Gill Montia
Story link: BIBA speaks out on proposed FSA fees and levies
The British Insurance Brokers’ Association (BIBA) is not happy about the proposals contained in the Financial Services Authority’s (FSA) consultation paper CP09/7, which contains regulatory fee and levy rate proposals for 2009/10.
BIBA’s chief executive, Eric Galbraith, acknowledges that the FSA has an ever-growing workload and that the fees for 10,000 small firms have been frozen.
However, [...]
Biba proposes flood prevention measures
by Gill Montia
Story link: Biba proposes flood prevention measures
The British Insurance Brokers’ Association (Biba) is making fresh calls for strong co-operation between the insurance industry and Government, to protect households and businesses from flooding.
The Department for Environment, Food and Rural Affairs (DEFRA) is setting up a £5 million fund that will be used to safeguard vulnerable homes and Biba is suggesting a number [...]
Biba and AIFA may forge closer links
by Gill Montia
Story link: Biba and AIFA may forge closer links
The British Insurance Brokers’ Association (Biba) has indicated that it may be looking to forge closer links with the Association of Independent Financial Advisers (AIFA).
In the early part of this year, both organisations denied rumours that they could merge but about a fortnight ago the London Market Insurance Brokers’ Committee (LMIBC) announced that it [...]
BIBA responds to LMBC
by Brian Turner
Story link: BIBA responds to LMBC
The British Insurance Brokers’ Association (BIBA) has confirmed it continues to represent all UK general insurance intermediaries including London Market brokers, following the proposal of a new association for brokers operating in the international wholesale and reinsurance markets.
It is understood that this new association will want to take over the administration of the London Market [...]
BIBA secures Trade Association Best Practice Award
by Gill Montia
Story link: BIBA secures Trade Association Best Practice Award
The British Insurance Brokers’ Association (BIBA) has won the Sector Representation Award at the Trade Association Forum Best Practice Awards.
The Forum exists to provide access to information about UK trade associations and business sectors.
In making the best practice awards, its judges were looking for a campaign, initiative or legal matter that ended with a measurable [...]
