The British Insurance Brokers’ Association (BIBA) and the Institute of Insurance Brokers (IIB) have confirmed that they are in formal discussions about a possible merger.
They aim to complete discussions by the end of the year.
BIBA chairman Patrick Smith made the announcement during his opening address of the BIBA 2011 conference and exhibition in Manchester.
Eric Galbraith , BIBA chief executive, said: “I strongly believe that in the new regulatory environment one voice within the broking sector is needed. One association would add strength to our lobbying campaigns on the big issues affecting brokers.