Biba accounts reveal reserves of £3.89m

The British Insurance Brokers’ Association (Biba) has published its financial statements for 2018.

According to documents filed with Companies House, the organisation’s profit and loss reserves have increased from £3.21m in 2017 to £3.89m in 2018.

Steve White, chief executive of Biba, told Insurance Age: “We look to use any surplus for the benefit of members and to help manage prevailing issues.

“In 2019, we are already looking at providing additional support for members arising from Brexit