Outgoing Biba chief executive Mike Williams is set to lead a new broking network.

Outgoing Biba chief executive Mike Williams is set to lead a new broking network.

The new venture, which is forecasting premium income of at least £1.5b, will be chaired by Bob Beckett of The Beckett Group and involves former CII Society of Fellows president Jennifer Jarrett.

To join the network brokers will have to pay a percentage of their income.

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