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Marsh, Aon still mull new insurer payments

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Marsh, Aon still mull new insurer payments; Decision by Willi...
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Marsh, Aon still mull new insurer payments; Decision by Willis may pressure rivals to spurn supplements.(Willis Group Holdings Ltd.)
by Mcleod, Douglas | May, 2007 | 0 Comments Print Share Recommend0 facebook twitter digg buzz Byline: DOUGLAS McLEOD NEW YORK-While large brokers may have a tougher time accepting supplemental commissions from insurers in the wake of Willis Group Holdings Ltd.'s decision to reject the proposed payments, it's unclear whether other brokers will follow Willis' lead, industry observers say. London-based Willis announced last week that it will not take supplemental compensation of the type proposed in recent months by Chubb Corp. and Travelers Cos. Inc. The supplemental payments are aimed at replacing contingent commissions that the largest brokers stopped accepting-and that some insurers have been forced to stop paying-following state investigations of broker compensation practices. Although state attorneys general have raised no objections to the... Read the rest of this article with a Free Trial at HighBeam Research. Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.
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Fri, 2004-10-15
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