The London and International Brokers’ Association (LIIBA) has said it is to reorganise its committee structure as the complexities of the Lloyd’s Blueprint for the future bite.
The association will launch its new Broker Placing Committee (BPC) to replace the Broker Placing and Electronic Development Committee (BPED) and its PPL Broker Panel, which will be wound up at the end of the month.
The new committee will be chaired by Stuart Blyth, chief business officer for Marsh JLT Specialty FINPRO division.
When launched the BPC will create two sub-groups: Management Information chaired by Tony Moore of Willis Towers Watsons and Integration chaired by Steve Williams of Marsh, formerly JLT. Mr Williams was the ex-chair of BPED. The sub-groups will work with the BPC and LIIBA’s other market reform committees that focus on facilities, accounting and settlement and claims processes.
The BPC will meet bi-monthly to discuss broker placement activities as they relate to market reforms and will hold its first meeting early next month.
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.”