Lloyd-John says his election is an “honour”
Daniel Lloyd-John, founder and chief executive of Broadway Insurance Brokers, has been elected chairman of Biba’s regional executive committee.
He will be representing industry peers across Greater Manchester and will serve for a term of 12 months
The Manchester committee is one of the biggest and longest-standing of eleven Biba groups across the UK.
Lloyd-John said that his election was an “honour” and came at a pivotal moment for the insurance industry.
He continued: “Manchester is the second largest financial services market in the country, with insurance playing a significant role. Being chosen to lead Biba’s committee in the region is, therefore, a real privilege.
“The focus is, of course, not just on the year ahead but on trying to ensure that the work of Biba in the region remains vibrant and vital.
“That work is already well underway, partially through outreach to schools and colleges across Greater Manchester to increase the number of young men and women in the area who view insurance broking as a thoroughly attractive career.”
It follows Broadway’s valuation of corporate and private assets almost doubling in the last six months to nearly £1bn, despite only opening its doors 18 months ago.
Biba has been the UK’s leading general insurance intermediary organisation since its formation in 1977 and represents more than 1,800 regulated firms that collectively employ more than 100,000 staff.
The trade body provides a voice for industry-advising members, the government, the regulator, consumer bodies and other stakeholders about key insurance issues.
It focuses on the needs of its membership and their customers, as well as the upkeep and maintenance of industry standards.
Lloyd-John added: “Biba also has an instrumental role in representing the interests of independent risk advisory and insurance broking businesses in the North West and much further afield, giving them a voice on the issues which affect them.
“As we have seen in in the decades since Biba was founded, brokers offer tremendous support to business and private clients alike, helping them understand the importance of managing risk and then providing clear guidance about how best to do so.
“That is especially critical at the moment as people continue the process of responding to and moving from the pandemic.”
Meanwhile, Lloyd-John said Broadway was on course to generate more than £4.5m in gross written premium (GWP) during the current financial year, which is three times the amount for the previous 12 months.
Broadway provides risk management support to a companies involved in some of the most challenging economic sectors, including energy and logistics, as well as some the North West’s richest individuals.