22 September 2014 Insurance

Online platform lures BIBA exec

The online due diligence platform for broker/agency management, REG (Regulatory Efficiency Gains), has appointed Steven Foulsham as an advisor.

Foulsham joins from the British Insurance Brokers’ Association (BIBA), where he was head of technical services. At BIBA he ran the successful schemes and facilities portfolio and was also responsible for the BIBA property and liability committees, and involved with the motor panel and the health and trade credit focus groups.

Foulsham said: “BIBA has in excess of 1900 member brokers, and given my past experience providing support and guidance on technical issues, I am convinced that the REG platform will deliver significant administration cost savings and facilitate regulatory compliance for brokers, particularly those with sub-broking arrangements. I look forward to helping deliver both the compliance and network benefits of REG.”

Michael Phair, chief executive officer of REG (UK), said: “There are few in the market that understand the needs and challenges of the wider UK insurance brokerage community as well as Steve does. I am delighted he has joined us and I look forward to his valued assistance and contributions.”

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