Eric Galbraith, chief executive of the British Insurance Brokers’ Association (BIBA), will step down next year after nearly 10 years leading the association.

Appointed chief executive in 2003, Galbraith has driven forward the representation and lobbying in both Europe and with the UK government and regulators. He successfully led the merger between BIBA and the IIB and has instigated initiatives such as the strategic review and member campaigns on major broker issues such as the cost of regulation and signposting.

“We are all obviously disappointed that Eric will be leaving,” said Andy Homer, chairman of BIBA. “He has successfully led BIBA and members through some very challenging times during the last ten years and when he leaves next year, will be leaving the organisation in excellent shape, both in terms of profile and increased membership.

“The reputation of BIBA has never been stronger, especially with politicians and regulators, which has allowed Eric and his team to tackle some of the major insurance issues – the change of regulator, the unfair funding of the Financial Services Compensation Scheme, business resilience, flooding, and motor insurance.”

Galbraith added: “I have had an amazing time at BIBA and have been privileged to lead a team dedicated to supporting members’ interests. Having been instrumental in supporting the strategic review, I believe it is the right time to hand over the reins to a new Chief Executive to take the association forward.

“However I remain committed to leading the association until my successor has been appointed so that I can ensure a smooth transition for the association.”

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