Biba boss Galbraith to resign next year

Biba chief executive Eric Galbraith has announced he will resign next year after almost 10 years at the helm.

Galbraith has not set a final date for leaving, and no replacement has been lined up. Biba chairman Andy Homer and the Biba board will now search for a new chief executive.

Galbraith said: “I have had an amazing time at Biba and have been privileged to lead a team dedicated to supporting members’ interests. Having been instrumental in supporting the strategic review, I believe it is the right time to hand over the reins to a new chief executive to take the association forward.

“I remain committed to leading the association until my successor has been appointed so that I can ensure a smooth transition for the association.”

Homer said: “We are all obviously disappointed that Eric will be leaving. He has successfully led Biba and members through some very challenging times during the past 10 years, and when he leaves next year he will be leaving the organisation in excellent shape, both in terms of profile and increased membership.

“The reputation of Biba has never been stronger, especially with politicians and regulators, which has allowed Eric and his team to tackle some of the major insurance issues – the change of regulator, the unfair funding of the Financial Services Compensation Scheme, business resilience, flooding, and motor insurance.”

Galbraith joined Biba in 2003, and has led initiatives including the merger with the Institute of Insurance Brokers, the trade body’s strategic review and campaigns on signposting and the cost of regulation.

A Biba spokesman said Galbraith had not revealed what he plans to do after leaving.