Andy Homer, Chairman of BIBA, said:
“We are all obviously disappointed that Eric will be leaving. He has successfully led BIBA and members through some very challenging times during the last ten years and when he leaves next year, will be leaving the organisation in excellent shape, both in terms of profile and increased membership.
“The reputation of BIBA has never been stronger, especially with politicians and regulators, which has allowed Eric and his team to tackle some of the major insurance issues – the change of regulator, the unfair funding of the Financial Services Compensation Scheme, business resilience, flooding, and motor insurance.”
Eric Galbraith added:
“I have had an amazing time at BIBA and have been privileged to lead a team dedicated to supporting members’ interests. Having been instrumental in supporting the strategic review, I believe it is the right time to hand over the reins to a new Chief Executive to take the association forward.
“However I remain committed to leading the association until my successor has been appointed so that I can ensure a smooth transition for the association.”