Galbraith hits back
In response to the claim that UK brokers are at war over commission Eric Galbraith, British Insurance Brokers' Association (Biba) chief executive has issued a statement which he said would clarifiy Biba and LMBC’s position with regard to commission disclosure.
Eric Galbraith, Biba chief executive, said: “Within Biba, including our London Market Brokers’ Committee (LMBC) and our General Insurance Brokers’ Committee (GIBC), there are no policy differences on our approach to any issue.
“Specifically, on commission disclosure, Biba and its LMBC has worked and continue to work together on a market solution in relation to the Financial Services Authority’s discussion paper.
“Our position has remained unchanged over the last three years. We believe that the
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