| The Wall Street Journal 09/19
Marsh, Aon and Willis are in negotiations with New York State regulators to reinstate contigent commissions, banned in 2005 due to conflict-of-interest concerns, a development that could restore significant revenue the commissions once generated but also place the insured at a disadvantage.
According to the Wall Street Journal, State regulators are conducting negotiations to revise, or even lift, the 2005 ban on "contingent commissions" as measured by revenue. Contingent commissions are paid by insurers to brokers and are based on factors such as how much business a broker brings to an insurer and how profitable it is.
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| Bloomberg.com 10/08
Lloyds Banking Group Plc, the U.K.’s biggest mortgage lender, may struggle to exit the government asset insurance program as it considers a rights offering to help it avoid further state aid, analysts said.
The bank has submitted a plan to the Financial Services Authority to raise 15 billion pounds ($24 billion) in a share sale, surpassing HSBC Holdings Plc’s record 12.5 billion-pound rights offering in April, said a person familiar with the matter, who declined to be identified because the talks are private. Under the plan, the lender would also sell assets to raise money.
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