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Published 22 January 2014
Lord Hunt, a partner at international law firm DAC Beachcroft, has been appointed by the Board of the British Insurance Brokers' Association (BIBA) as its new Chairman, with immediate effect.
The appointment marks a landmark decision for BIBA to appoint a person outside of a broking organisation as its Chairman.
Lord Hunt joined BIBA's Board in November as its first independent Non-Executive Director (INED) following recommendations in BIBA's Strategic Review that governance of the Association could be strengthened by the appointment of an INED.
Commenting, Lord Hunt said: "I'm delighted to take up this important role during such an interesting and challenging period for brokers. I look forward to engaging with the issues of most importance to BIBA's members, which started with my attendance at the parliamentary launch of its 2014 Manifesto last week."
BIBA's Deputy Chairman, Brendan McManus, Chief Executive Officer of UK Retail at Arthur J Gallagher, said: "This is a bold move for BIBA and demonstrates how serious we are about promoting and protecting the interests of our members and their customers. The strategic review has led to some significant changes at BIBA and this appointment is one of them. Lord Hunt’s wealth of experience, external and political knowledge will strengthen our strategic decisions."
Lord Hunt, who is chairman of the Financial Services Division at DAC Beachcroft, is an active peer and member of the All Party Parliamentary Group on Insurance and Financial Services, and a former President of the Chartered Insurance Institute.
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