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New broker committee to launch in 2020

New broker committee to launch in 2020 | Insurance Business

New broker committee to launch in 2020

It’s out with the old and in with the new for the London and International Insurance Brokers’ Association (LIIBA).

The industry body has announced that its Broker Placing and Electronic Development Committee (BPED) and its PPL Broker Panel, will both be wound up at the end of this year – to be replaced by a new committee in 2020, known as the Broker Placing Committee (BPC).

The new committee is to be led by Stuart Blyth, in the role of chairman – Blyth is the chief business officer for the FINPRO division of Marsh JLT Specialty. When launched it will include two sub-groups: Management Information, to be chaired by Willis Towers Watson’s Tony Moore; and Integration, chaired by Marsh’s Steve Williams, the ex-chair of BPED.

Going forward, the Broker Placing Committee will meet bi-monthly on broker placement activities.

“This change is really all about bringing together the right people with the right expertise to address the issues Lloyd’s brokers are facing today,” said Jackie Hobbs, associate director of LIIBA. “Over time, BPED has had to manage a wide range of topics and take on different skill sets. With the Future at Lloyd’s now high on the agenda, we need to take a more focused approach. The BPC committee and the new sub-groups will be highly specialist in nature with very precise remits.

“We’d also very much like to thank everyone who’s been involved in BPED and the PPL Broker Panel for their efforts in ensuring brokers’ views and needs have been at the fore of the modernisation process.”

The BPC will meet for the first time in January while an event marking the contributions of the PPL Broker Panel and the BPED will be held at the LIIBA office on December 11.