The British Insurance Brokers’ Association (BIBA) has made five of its employees redundant as it continues to weather the coronavirus pandemic.
BIBA said it was not a decision “taken lightly” and it is “sorry to see its colleagues leave”.
Over the last couple of years the group had, in response to the needs of its members, increased the number of people working in the business and refocused some of its key activities.
However, the pandemic has “forced” BIBA to revisit this focus and it has had to make the “difficult decision” to part company with five BIBA employees whose roles have been affected.
BIBA CEO Steve White said: “The people concerned have been informed and you will understand that we want to respect their privacy.
“Needless to say the BIBA team is adapting and if any of these change have a direct and immediate effect on you they will be contacting you to advise our new structure. We remain committed to meeting our members’ needs in the changing face of the market in which we operate and to promoting the use of insurance brokers.”