Throwback Thursday: Biba’s new rules and tidy commercial
Insurance Post’s Throwback Thursday steps back in time to May 1981 to remind you what was going on this week in insurance history when the British Insurance Brokers’ Association was changing designations and commercial combined was a hot new thing.
14 May 1981: Biba’s rules for designations
Transitional arrangements for brokers holding designatory letters for defunct broker associations were announced in 1981.
Ian Findlay, then the British Insurance Brokers’ Association chairman, said the move was to give fresh status to members who were using their former titles.
Brokers who used to be members of the AIB, CIB or FIB were told they could apply to be Fellows or Associates of Biba by providing proof of their former status.
Tidy up business insurance
Federated Insurance Company paid for an advertisement in Post to boast they had tidied up business insurance with a commercial combined product.
“Our new commercial combined is designed to make real savings on operating costs – one policy, one renewal date and the added benefit of Creditplan to spread premium payments,” the advert declared.
“With its streamlined presentation featuring a see-at-a-glance summary it’s easy for the client – and you – to see what’s covered.”
Federated Insurance Company is now part of Aviva.
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