The IBA is delighted to inform you that today members voted by an overwhelming majority to merge with PIBA, (Professional Insurance Brokers Association) at the association's annual AGM which was held in Croke Park, Dublin. At a separate AGM, PIBA members also voted in favour of a merger.
This significant merger between both broker organisations is believed will demonstrate a positive change on behalf of the industry to benefit brokers in helping them best serve Irish consumers and businesses.
The new organisation will now have a combined strength of 1,300 firms representing both general insurance and financial brokers will be known as Brokers Ireland, a name under which both bodies have been working in co-operation for a number of years.
We're also delighted to announce that former IBA Deputy President Cathal Lowe has become President of the new body and Chairman of the board. Diarmuid Kelly, current PIBA Chief Executive, will be Chief Executive of Brokers Ireland with Ciarán Phelan, current IBA Chief Executive, being appointed Deputy Chief Executive.
Speaking today following the historic vote Cathal said given the excellent working relationships built up by the two organisations in recent years Brokers Ireland will hit the ground running. "I look forward to working with our broker members and representing them in a stronger and unified capacity. We aim to foster innovation and communication and we will work for positive change on behalf of the industry to benefit brokers and help them best serve Irish consumers and businesses."While the official launch of Brokers Ireland will take place in the Autumn of 2017, work will begin immediately to create a smooth transition to Brokers Ireland which will be based at IBA's current offices in Merrion Square, Dublin 2. Further updates on the merger and its planned progression will be circulated in due course.