Sunday July 5, 2020

Top broker clashes with IIF on commissions

A leading insurance broker has distanced itself from the Irish Insurance Federation (IIF) on the vexed question of controversial commissions paid by the insurance industry to insurance brokers.

13th August, 2005

A leading insurance broker has distanced itself from the Irish Insurance Federation (IIF) on the vexed question of controversial commissions paid by the insurance industry to insurance brokers.

“I would not be a supporter of contingent commissions,” said Joe Grogan, chief executive of Marsh Ireland. “My view is that contingent commissions are a tainted currency. We take no contingent commissions whatsoever.”

Grogan was speaking after The Sunday Business Post revealed that...

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