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Willis makes u-turn over contingent commissions as profits tumble

Joseph Plumeri

Broker stresses new stance does not have an impact on most business.

When broking giant Willis conceded it would start accepting contingent commissions again, the industry was left in shock.

It was only two years since Willis Group chairman and chief executive Joseph

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McGill sold to EQT for £2bn

McGill and Partners and private equity firm EQT have entered into a definitive agreement in which the latter will acquire a majority stake in the former for $2bn (£1.5m).

AI in broking: why the debate must move on

For insurance brokers, Andy Lewis, head of people proposition at Hedron Network, says the artificial intelligence debate has shifted from whether to adopt the technology to how to embed it safely, practically and strategically so it delivers lasting value.

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