12 July 2018Insurance

LIIBA forms new delegated authority group focused on LM TOM

The London Insurance and International Brokers Association (LIIBA) has created a new delegated authority working group to focus on the London Market Target Operating Model (LM TOM) and its impact on binders and line slips.

As part of LIIBA's binders, offslips and lineslips team (BOLT) committee, the Broker Delegated Authority Working Group (BDAWG) will be chaired by Sarah Pepiatt, delegated authority director at Capsicum Delegated Authority, who was also named as the chair of BOLT in June.

LIIBA’s chief executive Christopher Croft said: “Delegated authority business is a very significant source of income for the London market. Meeting those customers’ needs more effectively and efficiently is vital if London is to remain a pre-eminent insurance market.

“Creating a smaller working group with a very sharp focus on the work of the London market’s TOM – as well as other work affecting the delegated authority community, such as GDPR and Brexit – will help us to do that.”

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