Blog: What is the client view of broker commission?

money

IdRisk's Stephen Mooney responds to Mactavish's report on broker remuneration.

The report from Mactavish on Broker Conflicts needs some perspective and there were a few areas that could have warranted more discussion.

The report correctly identifies transparency as one of the key issues in terms of a potential Conflict of Interest (CoI).

Regulation
IdRisk has been conducting insurance Broker Tenders for over 15 years for clients in the UK and internationally.

It’s worth looking at the key Financial Conduct Authority (FCA) rule on remuneration, the Insurance Conduct of

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Review of the Year 2024: Markerstudy’s Gary Humphreys

Gary Humphreys, group chief underwriting officer at Markerstudy, hails the completion of the Atlanta deal, dreams of having the MGA’s brand adorn the Tottenham Hotspur Stadium and mulls sitting on the sofa and doing Channel 4’s Gogglebox.

Lycetts buys broker Cheviot

Lycetts has strengthened its presence in the North East, purchasing fellow Newcastle-based broker Cheviot Insurance Services.

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