Biba 2011: Trade bodies must work together, says Homer
Insurance industry trade bodies need to join forces to solve the problems surrounding the handling of client money, according to Towergate's Andy Homer.
Speaking at the Regulatory Forum at Biba 2011, Mr Homer was joined by Bluefin's Stuart Reid, Willis' Brendan McManus and Biba's Steve White. Chaired by Andrew Neil, the broking heavyweights debated the planned changes on the regulatory horizon.
Mr Homer argued for the need for insurers to accept risk transfer. "The ABI and Biba need to talk about this very seriously," he warned.
Mr White said he had been discussing this with a range of insurers and that he had seen an appetite to assume this risk
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