Ace announces Marsh commissions
Ace has announced that it paid $61m in contingent commissions to brokers last year, including $38.5m to embattled Marsh & McLennan, Ace President and chief executive Evan Greenberg disclosed in a conference call announcing the insurer’s third- quarter results.
The Bermuda-based company announced on 17 October that it would stop paying contingent commissions. During the conference call Mr Greenberg confirmed that Ace continues to cooperate with New YorkOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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