XL pays out $47m and stops contingent commissions
Bermuda-based XL Capital has reported that it paid out $47m in contingent commission payments through 30 September, including $29m to Marsh & McLennan.
The company received a subpoena from New York attorney general Eliot Spitzer last week and said it had started an internal review in light of the accusations of collusion between brokers and insurersOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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