Insurance Age

2014 a “good year” for Biba, says White

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CEO Steve White says decreased surplus and increased salaries were due to governance changes.

Steve White, CEO of the British Insurance Brokers' Association (Biba) has defended the reduced surplus and increased salaries at the organisation, revealed in the 2014 accounts.

White told Insurance Age that the changes in surplus, which decreased by over £80,000 to £397,809, and 77% increase in directors salaries and bonuses to £384,586 was all part of the "implementation of our strategic review".

He explained: "There were lots of changes to our governance structure and at board level and we

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