Broker Simon Bolam and Standard Life’s Crombie honoured

Former Biba chairman and CII president Simon Bolam has been awarded an MBE in the Queen’s New Year Honours List for services to the insurance industry.

Standard Life’s chief executive Sandy Crombie was knighted in a list that featured few figures from the financial services sector after a year of turmoil and banking collapses.

Bolam ran broker EH Ranson in Edinburgh from 1971, recently passing on the day-to-day management to his daughter Valerie McIntee.

Bolam told Insurance Times: “I was very surprised and highly delighted. It is not often that the insurance industry gets recognised at any level, and especially in the current financial circumstances, so I am delighted.”

McIntee, who only found out herself this morning, also told Insurance Times she was “thrilled”.

Nobody from Biba was available this morning.