Reinsurance News

LIIBA sets up delegated authority working group on TOM impacts

13th July 2018 - Author: Matt Sheehan

The London and International Insurance Brokers Association (LIIBA) has set up a new working group, called the Broker and Delegated Authority Working Group (BDAWG), which will focus on the work of the London Target Operating Model (TOM) and its impact on binders and line slips.

LIIBA logoThe BDAWG will be part of the Binders, Offslips and Lineslips Team (BOLT) committee, and will be chaired by Sarah Peppiatt, delegated authority director at Capsicum Delegated Authority.

Peppiatt was named as the chair of BOLT in June, succeeding Rod Joyce of Ed Broking, who has chaired the committee for the previous four years.

Christopher Croft, Chief Executive Officer (CEO) of LIIBA, commented: “Delegated authority business is a very significant source of income for the London market. Meeting those customers’ needs more effectively and efficiently is vital if London is to remain a pre-eminent insurance market.

“Creating a smaller working group with a very sharp focus on the work of the London market’s TOM – as well as other work affecting the delegated authority community, such as GDPR and Brexit – will help us to do that.”

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