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Biba insists it is not in dispute with LMBC over disclosure

Eric Galbraith, British Insurance Brokers' Association chief executive, has stressed that it is not in dispute with the London Market Brokers' Committee over commission disclosure.

He said: “Within Biba, including our London Market Brokers’ Committee and our General Insurance Brokers’ Committee, there are no policy differences on our approach to any issue.

“Specifically, on

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Lloyd’s profits fall to £3.5bn

Lloyd’s profit before tax fell from £4.2bn in the first half of 2025 to £3.5bn in the first six months of 2026, as lower investment returns offset a "strong" underwriting performance.

Is the London Market ready for widespread AI adoption?

David Sexton, vice president and head of insurance for global growth markets at Cognizant, unpicks the market's uneven investment in artificial intelligence and how focus to-date has been on improving current workflows rather than rethinking how the work is done.

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