Mr 30% - where to now?

In a much publicised interview, Igal Mayer, chief executive officer at Norwich Union (NU) general insurance in the UK, is alleged to have said that 30% is the maximum commercial insurance commission that an insurer should pay. He is now seen as the 'hawk' in reducing commission levels paid to consolidators, and has now been followed by Philippe Maso of Axa.

A new man, a new strategy, but it should be remembered that over the past few years, NU, followed by Axa, were the ones setting the pace for

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: