Lockton has secured renewal of its professional indemnity accredited broker status from the British Insurance Brokers’ Association for a further three years. BIBA provides members with access to PI support through an online PI hub as well as a number of accredited brokers.

In addition to cover, BIBA’s PI hub provides information on the most common types of PI claim and the steps brokers can take to mitigate their own risk.

Paul Afteni, head of regulated financial services PI, senior vice president, global professional and financial risks at Lockton said: “Lockton remains the world’s largest privately held, independent insurance broker, and we are proud to continue our status as a BIBA-recommended professional indemnity insurance provider for a further three years. This extension will bring our partnership with BIBA to nearly 30 years at the next renewal.

“As a trusted adviser to BIBA’s members, we remain committed to providing PI insurance to the insurance broker profession through different market cycles, working to provide broad and competitive cover.” 

Graeme Trudgill, CEO of BIBA, added: “Lockton continues to deliver trusted, expert guidance to BIBA members across all areas of their professional indemnity insurance. Renewing this partnership ensures members retain access to that valued support, alongside broad and high quality market capacity.”