Evan Greenberg warns over ‘predatory’ broker remuneration practices

Evan Greenberg, Chubb chairman and CEO

Chubb’s Evan Greenberg has added to mounting criticism of broker remuneration practices, which he describes as “predatory” and “excessive”. He went on to warn brokers that cover can always be “disintermediated”. In a letter to shareholders, Mr Greenberg, who is Chubb’s chairman and CEO, warned that practices employed by some brokers will come back to bite them and likely result…

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