| 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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| The Financial Times 04/09
Aviva, the the world’s fifth-largest insurance group, is to re-enter the Asian general insurance market in the second big move in the region this year by a British insurer.
The group announced on Friday that it planned to re-enter the general market, five years after selling its Asian general insurance business to Japan’s Mitsui Sumitomo Insurance for $450m.
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