Eric Galbraith demands it is changed

The British Insurance Brokers’ Association (BIBA) has responded to the Financial Services Authority (FSA) consultation paper on its proposed fees and levies for 2090-10 by demanding change.

In a written response to the FSA, BIBA chief executive Eric Galbraith described the current structure as “inequitable”.

Citing the variety of firms that currently comprise the General Insurance Mediation (A19) fee block, Galbraith stated:

“Each of these business types represents a different risk to FSA’s statutory objectives and demands a different degree of supervisory oversight.

“It is our firm view that the current fee structure is inequitable and we strongly suggest that steps are taken to more accurately align risk, supervisory oversight and fee payment.”

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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