London-based Jardine Lloyd Thompson (JLT) is reported to be joining the list of brokerages announcing the end to contingent commission arrangements with insurers.
Contingent commissions accounted for less than 2% of JLT's brokerage revenues of £429m in 2003, the company said.
In a statement JLT said it had fully disclosed incentive commissions since 1998.
It added that since 1997 revenue from such
commissions has not exceeded 2.5% of total group revenues.
The world's four largest brokerages, Marsh & McLennan (MMC), Aon Corp, Willis and Arthur J Gallagher & Co, have already suspended the practice in response to the New York attorney general's lawsuit against MMC.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
