Axa to cut broker commission.
Axa is to slash brokers' commission rates. Commission on employers' liability is being halved to 5% ...
Axa is to slash brokers' commission rates. Commission on employers'liability is being halved to 5% and rates on public liability are also
going down. Commission on commercial vehicles will be reduced to 7.5% from
10%. The rates will take effect from 1 February 2002.
Colin Calder, head of broker development at Axa, said: "We are reducing
the rates on liability-orientated accounts in particular. The performance
of these accounts is not good for a variety of reasons and premiums are
going to rise
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