Lloyd’s joins Biba as official partner

International insurance marketplace Lloyd’s has joined Biba as an official partner, according to a statement released today (13 April 2023). 

Biba said it was pleased to welcome Lloyd’s “as an official Biba partner” and added the market would bring its “unique” insurance and (re)insurance perspective that has “a unrivalled concentration” of specialist underwriting expertise.

Alongside Lloyd’s of London’s expertise in the market, Biba said the new partnership would also bring “a global network of over 4,000 local cover holders” that “operate in the Lloyd’s market” to the trade body, as well as over 380 of its brokers.

Steve White, chief executive at Biba, commented: “Biba, many of our members and Lloyd’s have always worked closely together and we are now pleased to be welcoming Lloyd’s on board as an official Biba partner.

“We will continue to work with Lloyd’s on issues relevant to both the Lloyd’s market and wider cross-industry issues to benefit all members.”

‘Great advantages’

Lloyd’s said that the new partnership would “bring great advantages to Biba” as it would “provide opportunities to “enhance access to Lloyd’s for Biba members.”

Dawn Miller, commercial director at Lloyd’s, expressed that it was “delighted” and stressed the vital importance brokers will bring to the partnership.

“Brokers are a vital distribution channel for the Lloyds market,” she said. 

”The partnership will bring great advantages to Biba members to further develop technical knowledge, skills and expertise to make a real difference in their careers and to help drive the innovation and insurance solutions that our market is so well-known for.

“We have a great relationship with Steve White and his team and we look forward to building closer links with the Biba membership.”