Ties that bind?

Date: 15.10.2018 | Blog

https://www.thedailybeast.com/accused-russian-spy-maria-butina-told-american-ceo-send-cash-to-moscow

Who among us remembers the scandal begun by then AG Elliot Spitzer against Marsh and AiG?  This was over the issue of “contingent commissions” and how they are paid.  it was a nuisance affair and saw a few brokers facing life altering charges.  I believe they were all exonerated.

from my perspective, after 30 plus years as a broker, I could never see the brokers favouring one insurer over another.  The broker never received the profit commissions.  these went to the company and was beyond our focus.

This however, this new issue about Russian financing is really disturbing.  More to follow.

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