The Lex McKeown Trophy is awarded to a long-standing NIBA member who has provided outstanding service to the Association and made a significant contribution to the broking profession.

The Lex McKeown Trophy is awarded at the discretion of the NIBA President in consultation with the NIBA Board of Directors and Chief Executive Officer.

Edward Alexander McKeown (known as Lex) formed IBA in 1971, by convincing four other brokers that the insurance industry needed regulation, and within a couple of years IBA had 300 members throughout Australia. After NIBA was formed in 1982, McKeown joined the new Association in 1986 and had the Lex McKeown Trophy in perpetuity named after him.