Lloyd's insurers could pay flat commission fees to Aon to avoid allegations of improper trading, reports said today.
The agreement means that insurers would pay between 2.5% and 3.75% of the premium paid by Aon's clients, up to a maximum of £500,000, reports said.
Lloyd's and Aon have been working to find an alternative to the controversial contingent commissions since the practice first came under the scrutiny the Eliot Spitzer.
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.
