Marsh has standardised wordings on its London aviation placement slips to include a 2.5 percent commission for market services in the latest move by a global broker to increase revenues from its markets.
According to sources, the broker introduced the new wordings last month to slips placed in the Lloyd's and London market for what it says are core services "integral to the insurance deal".
The new wording incorporates the level of gross and net standard commission on a placement...
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