BIBA partners with Litmus for technical support

The British Insurance Brokers' Association (BIBA) has appointed Litmus as consultants to provide technical support on issues relating to broker use of credit ratings and insurer solvency.

BIBA currently offers a free online facility for its members to help them evaluate the financial strength of unrated non-life insurers through the BIBA Litmus Test Report facility.

BIBA chief executive Steve White said: "Both the provision of S&P ratings and the BLTR are critical services for our membership, and it is also important that within BIBA we have a robust technical understanding of insurer solvency.

"As independent experts with decades of rating agency experience behind them, Litmus are the ideal partners for us on this and their expertise will help us to help members."

Litmus founder Peter Hughes said: "We are delighted to be extending our relationship with BIBA in this way. It was BIBA's initiative that led to the creation of the BLTR and BIBA are again showing real leadership in their recognition of the importance of the subject."

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