Travelers steps back from Biba partner status
Travelers did not renew its partnership status with the British Insurance Brokers’ Association on 31 December 2023, but will be exhibiting at the trade body’s conference in Manchester this May.
Travelers became a partner at the end of 2021 with the news reported the following year.
A Travelers Europe spokesperson confirmed: “We continue to support Biba and will be attending and exhibiting at the conference in May as we normally do.”
A Biba spokesperson told Insurance Age: “Our insurer members are important, given their relationship with our broker members as suppliers of insurance. Having them as part of the Biba family means we have easy, open channels of communication and constructive relationships.”
Partners and associates
Post the shift by Travelers, Biba has 23 insurer partners. In December 2023 it also added QBE.
The trade body partnered with Sompo International in October after teaming up with Lloyd’s in April.
Biba also has an expanding cohort of associates and affiliates (see box below). Earlier this month, Indeed became an associate of the broker organisation.
Purchases
At the start of January, Travelers completed the purchase of cyber specialist managing general underwriter Corvus Insurance. The $435m (£351m) deal was funded through Travelers’ own resources.
In February 2022, Travelers acquired Trōv’s technology assets. The insurtech detailed that most of its team also joined the insurer. The team and embedded technology solutions were positioned within Travelers’ personal insurance segment.
Biba partners
Ageas, AIG, Allianz, Arch, Aviva, Axa, Covéa, Chubb, CNA/Hardy, Ecclesiastical, ERS, The Griffin Insurance Association, Hiscox, HSB, LV, Lloyd’s, NIG, Premium Credit, QBE, RSA, Sompo International, Tokio Marine HCC, Zurich
Biba associates & affiliates
APR, ARMA, Beazley, BCH, Blink, BPF, Broker Insights, Browne Jacobson, Clearway, Clyde & Co, Close Brothers, DAC Beachcroft, Enterprise, Flotilla, Gocompare.com, Grant Thornton, Horwich Farrelly, Indeed, Insure Apps, Idex, Insurercore, Investec, Keys Finance, LexisNexis, Morgan Clark, Markel, mhib, NCRIB, PKF, Pathway, Quest Gates, RPost, Samsare, Sicsic Advisory, Vitale Digital, Vivup, Weightmans
Associates – insurance technology companies
Acturis, Applied, Durell, HugHub, Scheme Serve, Ignite, OpenGI, ParaCode, Polaris, SSP
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