What is Schmalriedt’s opinion of the recent statements made by Don Bailey – CEO of Willis North America Brokerage operation requesting the N Y regulators to end the contigency commissions paid to Agents/brokers from the Insurance Companies?
If contingent commissions are disallowed to agents the consequence would not be good for the Willis Re MGA or Agent-program division in the USA.
What is Schmalriedt’s opinion of the recent statements made by Don Bailey – CEO of Willis North America Brokerage operation requesting the N Y regulators to end the contigency commissions paid to Agents/brokers from the Insurance Companies?
If contingent commissions are disallowed to agents the consequence would not be good for the Willis Re MGA or Agent-program division in the USA.