The British Insurance Brokers Association has appointed Lord David Hunt as its chairman, effective immediately.
London-based BIBA announced Tuesday that Lord Hunt would succeed Andy Homer, who announced in November that he would step down as BIBA chairman.
Lord Hunt is the first independent nonexecutive director of BIBA and the first person from outside of a brokerage organization to serve as its chair, BIBA said in a statement.
BIBA said the appointment followed a strategic review that recommended that the governance of the association would be strengthened by the appointment of an independent nonexecutive director.
In a statement, Lord Hunt said he was delighted to be taking up the post “during such an interesting and challenging period for brokers.”
Lord Hunt, currently a member of the House of Lords and of the U.K. Parliament's All Party Parliamentary Group on Insurance and Financial Services, formerly was president of the London-based Chartered Insurance Institute.
A former Member of Parliament, Lord Hunt served as secretary of state for Wales and secretary of state for employment during the 1990s, among other roles.
He was made a life peer in 1997.
Lord Hunt was a senior partner of London-based law firm Beachcroft L.L.P. until 2005.