London brokers break ranks to set up their own independent representative trade organisation

London Market brokers have voted unanimously to form a new, independent organisation to be called the London and International Insurance Brokers' Association (Liiba).

Liiba will begin operations this month and will assume all the functions previously assumed by LMBC.

Unlike its predecessor, the new association will be separate from the British Insurance Brokers' Association (Biba), but will work with it on an ad hoc basis. It means that London market brokers will now have their own independent r