London and International Insurance Brokers’ Association (LIIBA) is set to launch a new committee in 2020, known as the Broker Placing Committee (BPC).
The new BPC is designed to replace the organisation’s Broker Placing and Electronic Development Committee (BPED) and its PPL Broker Panel, both being wound up at the end of the year.
The new BPC is to be chaired by Stuart Blythe, chief business officer for the FINPRO unit for Marsh JLT Specialty. When launched it will include two subgroups: Management information, to be chaired Willis Towers Watson’s Tony Moore; and Integration, chaired by Marsh’s Steve Williams, who served as ex-chair of BPED.
LIIBA explains that the two sub-groups will work with the BPC and LIIBA’s other market reform committees that have a focus on facilities, accounting and settlement and claims processes.
Going forward, the Broker Placing Committee will meet bi-monthly on broker placement activities.
Jackie Hobbs, associate director of LIIBA, said: “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. Over time, BPED has had to manage a wide range of topics and take on different skill sets. With the Future at Lloyds 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.”