Reinsurance News
British Insurers Brokers’ Association
Unitary joins BIBA bringing zero-integration automation to UK brokers
15th January 2026
The British Insurance Brokers’ Association (BIBA) has welcomed automation platform Unitary, a specialist in streamlining complex insurance workflows, as an associate member. This strategic move strengthens Unitary’s commitment to the UK broker community following significant momentum in the managing general agent (MGA) sector and the successful launch of its Virtual Agents ... Read the full article
Fire Safety Reinsurance Facility expands coverage limit to £70m
3rd July 2025
The insurance industry’s Fire Safety Reinsurance Facility, an initiative aimed at providing insurance coverage for multi occupancy buildings with fire safety issues, has increased its coverage limit from £50 million to £70 million, the Association of British Insurers (ABI) has revealed. This expansion, following a successful first year, is set to ... Read the full article
ABI highlights positive impact of Fire Safety Reinsurance Facility
20th March 2025
The Association of British Insurers (ABI) has commended the significant positive impact of the Fire Safety Reinsurance Facility, one year after its launch. Created by re/insurance broker McGill and Partners, with support from the ABI and in partnership with the British Insurance Brokers Association, the Facility was established as an ... Read the full article
Fire safety reinsurance facility established by McGill and Partners finalised
13th March 2024
A new initiative has been set up which aims to help improve the availability of insurance for higher-risk buildings awaiting work to fix fire safety issues. The Fire Safety Reinsurance Facility will help to increase insurance market competition to cover properties affected by combustible cladding and other fire safety issues. From what ... Read the full article
BIBA and FullCircl launch new member ‘SmartBroker’ facility
18th August 2023
The British Insurance Brokers' Association (BIBA) has launched the 'SmartBroker' platform, a new member facility that provides insurance brokers with a wealth of comprehensive company information and insights for businesses in the UK and Ireland. 'SmartBroker' was launched in partnership with FullCircl, the Customer Lifecycle Intelligence (CLI) platform, and will be ... Read the full article
BIBA appoints Graeme Trudgill as its next Chief Executive
5th July 2023
Graeme Trudgill, the current Executive Director of The British Insurance Brokers' Association (BIBA) has been appointed to succeed Steve White as BIBA’s next Chief Executive. White announced his plans to retire at The BIBA Conference in Manchester in May. He leaves as the longest serving CEO having completed ten years ... Read the full article
LexisNexis Risk Solutions becomes associate member of BIBA
27th April 2023
LexisNexis Risk Solutions, a data, advanced analytics and technology provider for insurance, has become an associate of the British Insurance Brokers’ Association (BIBA). BIBA is a UK general insurance intermediary organisation representing the interests of insurance brokers, intermediaries and their customers. The organisation's CEO, Steve White, commented, “Brokers continually evolve in the ... Read the full article
BIBA partners with specialist re/insurance marketplace Lloyd’s
13th April 2023
The British Insurance Brokers’ Association (BIBA) has partnered with specialist insurance and reinsurance marketplace Lloyd’s. BIBA said many of its members and Lloyd’s have always worked closely together and it was pleased to welcome Lloyd’s on board as an official partner. "We will continue to work with Lloyd’s on issues relevant to ... Read the full article
Aon’s Jane Kielty named as new deputy chair of BIBA
9th December 2022
Aon’s UK head of commercial risk Jane Kielty has been named deputy chair of the British Insurance Brokers’ Association (BIBA). A statement from BIBA said that Kielty, head of commercial risk UK, has been on the board since taking the chair of BIBA’s Insurance Brokers’ Standards Committee in 2020 and steps ... Read the full article
FCA concludes wholesale broker study, finding no competition concerns
20th February 2019
The Financial Conduct Authority (FCA) has concluded its investigation into the London wholesale broker market, finding no evidence of competition concerns in the sector. The UK financial regulatory body launched its study in November 2017 to assess how effectively competition is working in the wholesale broker market. “Overall, the FCA has not ... Read the full article
BIBA partners with Tokio Marine Kiln on new drone insurance scheme
7th August 2018
The British Insurance Brokers’ Association (BIBA) has partnered with specialist and corporate insurer Tokio Marine Kiln (TMK) to launch a new drone insurance scheme. The Lloyd’s-backed scheme offers coverage for companies operating drones for either commercial or business purposes and is available via a digital platform that enables brokers to quote ... Read the full article
BIBA service aims to better connect broker community with InsurTechs
16th May 2018
In an effort to promote collaboration between re/insurance brokers and InsurTech companies, the British Insurance Brokers' Association (BIBA) has announced that it's started work on the development of a service that better connects the two. The new service was announced by BIBA Chief Executive Officer (CEO), Steve White, in his opening ... Read the full article
Pool Re terror cover to expand as UK Gov changes law
22nd March 2018
Pool Re has commended the UK Government on its commitment to amend the 1993 Reinsurance (Acts of Terrorism) Act to allow the company to cover non-damage business interruption losses that result from acts of terrorism. Currently, in the event of a terrorist attack, Pool Re is only able to reimburse businesses ... Read the full article
BIBA signs agreement with WBN to ensure post-Brexit continuity
21st March 2018
The British Insurance Brokers’ Association (BIBA) and the Worldwide Broker Network (WBN) have signed an agreement that facilitates the introduction of BIBA member firms to one of WBN's member firms in an EU member country, in order to ensure continuity post-Brexit. The arrangement is scheduled to be launched to members by ... Read the full article
UK gov introduces Bill targeting Ogden rate and whiplash reforms
20th March 2018
The UK government's Ministry of Justice has announced intentions to introduce the Civil Liability Bill into the House of Lords, which is designed to address needed reforms to both the Ogden discount rate and whiplash claims. In early 2017, the Ogden rate (also known as the Personal Injury Discount Rate, and ... Read the full article
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