Liiba - New broking body splitting loyalties
Major London market and international brokers in favour of tie-up with new breakaway industry body, writes Andrew Tjaardstra
The London Markets Brokers' Committee has sent a letter to all 152 of its members to advocate setting up a separate broking association to the British Insurance Brokers' Association for London and international brokers.
A senior source close to the LMBC has said that it has had a positive response to the letter and that it was progressing with the process. The source added: "The acid test will be when we go out more formally. We are already looking at three quarters of the market share
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