Common use of Contingent Compensation Clause in Contracts

Contingent Compensation. Xxxxxx Xxxxxx Xxxxxx may accept certain forms of contingent compensation in locations where they are legally permissible and meet standards and controls to address conflicts of interest. Because insurers account for contingent payments when developing general pricing, the price our clients pay for their policies is not affected whether Xxxxxx Xxxxxx Xxxxxx accepts contingent payments or not. If a Xxxxxx Xxxxxx Xxxxxx client prefers that we not accept contingent compensation related to their account, we will request that the client’s insurer(s) exclude that client’s current and future business from their contingent payment calculations. XXXXXX, MarineMar and TerrorMar“Mar Arrangements”) Business lines within Xxxxxx Xxxxxx Xxxxxx which operate Mar Arrangements have separate teams that provide a wide range of services direct to certain insurers that place business for the Mar Arrangement relevant to that business line. A separate fee is paid by insurers for the delivery of these services to them. This fee is calculated within a range of 3.125% and 7.50% (plus VAT) of the overall premiums placed depending on the scale of services provided. Insurers have agreed that they will bear this fee as part of their operating costs and not to increase premiums directly payable by Xxxxxx Xxxxxx Xxxxxx’x clients. Panels Xxxxxx Xxxxxx Xxxxxx develops panels of insurers in certain market segments. Participating insurers are reviewed on a variety of factors. Commission rates on panel placements may be higher than rates paid on business placed outside of the panel process. Xxxxxx Xxxxxx Xxxxxx discloses its commission rates to clients on quotes obtained through the panel process prior to binding the coverage. Your Xxxxxx Xxxxxx Xxxxxx broker will provide you with additional information on Xxxxxx Xxxxxx Xxxxxx Panels upon request. Brokerage on Fee Business In some territories outside of North America, Xxxxxx Xxxxxx Xxxxxx obtains brokerage on business where our client pays us a fee. Our intention is to seek remuneration for work that Xxxxxx Xxxxxx Xxxxxx carries out for all parties in the insurance transaction but for which Xxxxxx Xxxxxx Xxxxxx is not otherwise sufficiently compensated. Some examples of this are the vastly-increased cost of regulation, distribution and infrastructure costs. This brokerage that Xxxxxx Xxxxxx Xxxxxx receives is a set percentage and is not contingent on achieving any level of growth, retention or profit on the business concerned. You can choose to exclude your current and future placements from being included in any of these carrier agreements.

Contingent Compensation. Xxxxxx Xxxxxx Xxxxxx WTW may accept certain forms of contingent compensation in locations where they are legally permissible permissible, and meet standards and controls to address conflicts of interest. Because insurers account for contingent payments when developing general pricing, the price our clients pay for their policies is not affected whether Xxxxxx Xxxxxx Xxxxxx WTW accepts contingent payments or not. If a Xxxxxx Xxxxxx Xxxxxx WTW client prefers that we not accept contingent compensation related to their account, we will request that the client’s insurer(s) exclude that client’s current and future business from their contingent payment calculations. XXXXXX, MarineMar MarineMar, SpecieMar and TerrorMar“Mar TerrorMar (“Mar Arrangements”) Business lines within Xxxxxx Xxxxxx Xxxxxx WTW which operate Mar Arrangements have separate teams that provide a wide range of services direct to certain insurers that place business for the Mar Arrangement relevant to that business line. A separate fee is paid by insurers for the delivery of these services to them. This fee is calculated within a range of 3.125% and to 7.50% (plus VAT) of the overall premiums placed depending on the scale of services provided. Insurers have agreed that they will bear this fee as part of their operating costs and not to increase premiums directly payable by Xxxxxx Xxxxxx Xxxxxx’x WTW’s clients. Panels Xxxxxx Xxxxxx Xxxxxx WTW develops panels of insurers in certain market segments. Participating insurers are reviewed on a variety of factors. Commission rates on panel placements may be higher than rates paid on business placed outside of the panel process. Xxxxxx Xxxxxx Xxxxxx WTW discloses its commission rates to clients on quotes obtained through the panel process prior to binding the coverage. Your Xxxxxx Xxxxxx Xxxxxx WTW broker will provide you with additional information on Xxxxxx Xxxxxx Xxxxxx WTW Panels upon request. Brokerage on Fee Business In some territories outside of North America, Xxxxxx Xxxxxx Xxxxxx WTW obtains brokerage on business where our client pays us a fee. Our intention is to seek remuneration for work that Xxxxxx Xxxxxx Xxxxxx WTW carries out for all parties in the insurance transaction but for which Xxxxxx Xxxxxx Xxxxxx WTW is not otherwise sufficiently compensated. Some examples of this are the vastly-increased cost of regulation, distribution and infrastructure costs. This brokerage that Xxxxxx Xxxxxx Xxxxxx WTW receives is a set percentage and is not contingent on achieving any level of growth, retention or profit on the business concerned. You can choose to exclude your current and future placements from being included in any of these carrier agreements. Subscription Market Brokerage It is more likely than not that WTW will receive Subscription Market Brokerage in its core specialty businesses that place business into the subscription markets, predominantly in London. The principles underlying this Subscription Market Brokerage program include the following: ■ WTW is required to handle increased infrastructure costs such as those arising from presentations to and negotiations with multiple entities in the subscription market; ■ WTW performs additional administrative, regulatory, accounting and support functions in order to complete subscription market placements. These functions benefit our clients and insurers; and ■ Working groups of insurers in the subscription market recognize these additional costs and agree that a negotiated percentage of the premium to account for these costs is appropriate and helps assure competitive access to that market. WTW believes that the best way to defray the cost of these functions is through this brokerage. We will disclose the receipt of Subscription Market Brokerage to you. You can choose to exclude your current and future placements from being subject to Subscription Market Brokerage.

Contingent Compensation. Xxxxxx Xxxxxx Xxxxxx WTW may accept certain forms of contingent compensation in locations where they are legally permissible and meet standards and controls to address conflicts of interest. Because insurers account for contingent payments when developing general pricing, the price our clients pay for their policies is not affected whether Xxxxxx Xxxxxx Xxxxxx accepts contingent payments or not. If a Xxxxxx Xxxxxx Xxxxxx client prefers that we not accept contingent compensation related to their account, we will request that the client’s insurer(s) exclude that client’s current and future business from their contingent payment calculations. XXXXXX, MarineMar and TerrorMar“Mar TerrorMar (“Mar Arrangements”) Business lines within Xxxxxx Xxxxxx Xxxxxx which operate Mar Arrangements have separate teams that provide a wide range of services direct to certain insurers that place business for the Mar Arrangement relevant to that business line. A separate fee is paid by insurers for the delivery of these services to them. This fee is calculated within a range of 3.125% and 7.50% (plus VAT) of the overall premiums placed depending on the scale of services provided. Insurers have agreed that they will bear this fee as part of their operating costs and not to increase premiums directly payable by Xxxxxx Xxxxxx Xxxxxx’x clients. Panels Xxxxxx Xxxxxx Xxxxxx develops panels of insurers in certain market segments. Participating insurers are reviewed on a variety of factors. Commission rates on panel placements may be higher than rates paid on business placed outside of the panel process. Xxxxxx Xxxxxx Xxxxxx discloses its commission rates to clients on quotes obtained through the panel process prior to binding the coverage. Your Xxxxxx Xxxxxx Xxxxxx broker will provide you with additional information on Xxxxxx Xxxxxx Xxxxxx Panels upon request. Brokerage on Fee Business In some territories outside of North America, Xxxxxx Xxxxxx Xxxxxx obtains brokerage on business where our client pays us a fee. Our intention is to seek remuneration for work that Xxxxxx Xxxxxx Xxxxxx carries out for all parties in the insurance transaction but for which Xxxxxx Xxxxxx Xxxxxx is not otherwise sufficiently compensated. Some examples of this are the vastly-increased cost of regulation, distribution and infrastructure costs. This brokerage that Xxxxxx Xxxxxx Xxxxxx receives is a set percentage and is not contingent on achieving any level of growth, retention or profit on the business concerned. You can choose to exclude your current and future placements from being included in any of these carrier agreements.

Contingent Compensation. Xxxxxx Xxxxxx Xxxxxx may accept certain forms of contingent compensation in locations where they are legally permissible permissible, and meet standards and controls to address conflicts of interest. Because insurers account for contingent payments when developing general pricing, the price our clients pay for their policies is not affected whether Xxxxxx Xxxxxx Xxxxxx accepts contingent payments or not. If a Xxxxxx Xxxxxx Xxxxxx client prefers that we not accept contingent compensation related to their account, we will request that the client’s insurer(s) exclude that client’s current and future business from their contingent payment calculations. XXXXXX, MarineMar and TerrorMar“Mar TerrorMar (“Mar Arrangements”) Business lines within Xxxxxx Xxxxxx Xxxxxx which operate Mar Arrangements have separate teams that provide a wide range of services direct to certain insurers that place business for the Mar Arrangement relevant to that business line. A separate fee is paid by insurers for the delivery of these services to them. This fee is calculated within a range of 3.125% and 7.50% (plus VAT) of the overall premiums placed depending on the scale of services provided. Insurers have agreed that they will bear this fee as part of their operating costs and not to increase premiums directly payable by Xxxxxx Xxxxxx Xxxxxx’x clients. Panels Xxxxxx Xxxxxx Xxxxxx develops panels of insurers in certain market segments. Participating insurers are reviewed on a variety of factors. Commission rates on panel placements may be higher than rates paid on business placed outside of the panel process. Xxxxxx Xxxxxx Xxxxxx discloses its commission rates to clients on quotes obtained through the panel process prior to binding the coverage. Your Xxxxxx Xxxxxx Xxxxxx broker will provide you with additional information on Xxxxxx Xxxxxx Xxxxxx Panels upon request. Brokerage on Fee Business In some territories outside of North America, Xxxxxx Xxxxxx Xxxxxx obtains brokerage on business where our client pays us a fee. Our intention is to seek remuneration for work that Xxxxxx Xxxxxx Xxxxxx carries out for all parties in the insurance transaction but for which Xxxxxx Xxxxxx Xxxxxx is not otherwise sufficiently compensated. Some examples of this are the vastly-increased cost of regulation, distribution and infrastructure costs. This brokerage that Xxxxxx Xxxxxx Xxxxxx receives is a set percentage and is not contingent on achieving any level of growth, retention or profit on the business concerned. You can choose to exclude your current and future placements from being included in any of these carrier agreements. Subscription Market Brokerage It is more likely than not that Xxxxxx Xxxxxx Xxxxxx will receive Subscription Market Brokerage in some of its core specialty businesses that place business into the subscription markets, predominantly in London. The principles underlying this Subscription Market Brokerage program include the following: • Xxxxxx Xxxxxx Xxxxxx is required to handle increased infrastructure costs such as those arising from presentations to and negotiations with multiple entities in the subscription market; • Xxxxxx Xxxxxx Xxxxxx performs additional administrative, regulatory, accounting and support functions in order to complete subscription market placements. These functions benefit our clients and insurers; and • Working groups of insurers in the subscription market recognize these additional costs and agree that a negotiated percentage of the premium to account for these costs is appropriate and helps assure competitive access to that market. You can choose to exclude your current and future placements from being subject to Subscription Market Brokerage. Xxxxxx Xxxxxx Xxxxxx believes that the best way to defray the cost of these functions is through this brokerage. We will disclose the receipt of Subscription Market Brokerage to you.

Contingent Compensation. Xxxxxx Xxxxxx Xxxxxx may accept certain forms of contingent compensation in locations where they are legally permissible and meet standards and controls to address conflicts of interest. Because insurers account for contingent payments when developing general pricing, the price our clients pay for their policies is not affected whether Xxxxxx Xxxxxx Xxxxxx accepts contingent payments or not. If a Xxxxxx Xxxxxx Xxxxxx client prefers that we not accept contingent compensation related to their account, we will request that the client’s insurer(s) exclude that client’s current and future business from their contingent payment calculations. XXXXXX, MarineMar and TerrorMar“Mar TerrorMar (“Mar Arrangements”) Business lines within Xxxxxx Xxxxxx Xxxxxx which operate Mar Arrangements have separate teams that provide a wide range of services direct to certain insurers that place business for the Mar Arrangement relevant to that business line. . A separate fee is paid by insurers for the delivery of these services to them. This fee is calculated within a range of 3.125% and 7.50% (plus VAT) of the overall premiums placed depending on the scale of services provided. Insurers have agreed that they will bear this fee as part of their operating costs and not to increase premiums directly payable by Xxxxxx Xxxxxx Xxxxxx’x clients. Panels Xxxxxx Xxxxxx Xxxxxx develops panels of insurers in certain market segments. Participating insurers are reviewed on a variety of factors. Commission rates on panel placements may be higher than rates paid on business placed outside of the panel process. Xxxxxx Xxxxxx Xxxxxx discloses its commission rates to clients on quotes obtained through the panel process prior to binding the coverage. Your Xxxxxx Xxxxxx Xxxxxx broker will provide you with additional information on Xxxxxx Xxxxxx Xxxxxx Panels upon request. Brokerage on Fee Business In some territories outside of North America, Xxxxxx Xxxxxx Xxxxxx obtains brokerage on business where our client pays us a fee. Our intention is to seek remuneration for work that Xxxxxx Xxxxxx Xxxxxx carries out for all parties in the insurance transaction but for which Xxxxxx Xxxxxx Xxxxxx is not otherwise sufficiently compensated. Some examples of this are the vastly-increased cost of regulation, distribution and infrastructure costs. This brokerage that Xxxxxx Xxxxxx Xxxxxx receives is a set percentage and is not contingent on achieving any level of growth, retention or profit on the business concerned. You can choose to exclude your current and future placements from being included in any of these carrier agreements.

Contingent Compensation. Xxxxxx Xxxxxx Xxxxxx may accept certain forms of contingent compensation in locations where they are legally permissible permissible, and meet standards and controls to address conflicts of interest. Because insurers account for contingent payments when developing general pricing, the price our clients pay for their policies is not affected whether Xxxxxx Xxxxxx Xxxxxx accepts contingent payments or not. If a Xxxxxx Xxxxxx Xxxxxx client prefers that we not accept contingent compensation related to their account, we will request that the client’s insurer(s) exclude that client’s current and future business from their contingent payment calculations. XXXXXX, MarineMar and TerrorMar“Mar TerrorMar (“Mar Arrangements”) Business lines within Xxxxxx Xxxxxx Xxxxxx which operate Mar Arrangements have separate teams that provide a wide range of services direct to certain insurers that place business for the Mar Arrangement relevant to that business line. . A separate fee is paid by insurers for the delivery of these services to them. This fee is calculated within a range of 3.125% and 7.50% (plus VAT) of the overall premiums placed depending on the scale of services provided. Insurers have agreed that they will bear this fee as part of their operating costs and not to increase premiums directly payable by Xxxxxx Xxxxxx Xxxxxx’x clients. Panels Xxxxxx Xxxxxx Xxxxxx develops panels of insurers in certain market segments. Participating insurers are reviewed on a variety of factors. Commission rates on panel placements may be higher than rates paid on business placed outside of the panel process. Xxxxxx Xxxxxx Xxxxxx discloses its commission rates to clients on quotes obtained through the panel process prior to binding the coverage. Your Xxxxxx Xxxxxx Xxxxxx broker will provide you with additional information on Xxxxxx Xxxxxx Xxxxxx Panels upon request. Brokerage on Fee Business In some territories outside of North America, Xxxxxx Xxxxxx Xxxxxx obtains brokerage on business where our client pays us a fee. Our intention is to seek remuneration for work that Xxxxxx Xxxxxx Xxxxxx carries out for all parties in the insurance transaction but for which Xxxxxx Xxxxxx Xxxxxx is not otherwise sufficiently compensated. Some examples of this are the vastly-increased cost of regulation, distribution and infrastructure costs. This brokerage that Xxxxxx Xxxxxx Xxxxxx receives is a set percentage and is not contingent on achieving any level of growth, retention or profit on the business concerned. You can choose to exclude your current and future placements from being included in any of these carrier agreements. Subscription Market Brokerage It is more likely than not that Xxxxxx Xxxxxx Xxxxxx will receive Subscription Market Brokerage in its core specialty businesses that place business into the subscription markets, predominantly in London. The principles underlying this Subscription Market Brokerage program include the following: • Xxxxxx Xxxxxx Xxxxxx is required to handle increased infrastructure costs such as those arising from presentations to and negotiations with multiple entities in the subscription market; • Xxxxxx Xxxxxx Xxxxxx performs additional administrative, regulatory, accounting and support functions in order to complete subscription market placements. These functions benefit our clients and insurers; and • Working groups of insurers in the subscription market recognize these additional costs and agree that a negotiated percentage of the premium to account for these costs is appropriate and helps assure competitive access to that market. Xxxxxx Xxxxxx Xxxxxx believes that the best way to defray the cost of these functions is through this brokerage. We will disclose the receipt of Subscription Market Brokerage to you. You can choose to exclude your current and future placements from being subject to Subscription Market Brokerage.

Contingent Compensation. Xxxxxx Xxxxxx Xxxxxx may accept certain forms of contingent compensation in locations where they are legally permissible permissible, and meet standards and controls to address prevent conflicts of interest. Because insurers account for contingent payments when developing general pricing, the price our clients pay for their policies is not affected whether Xxxxxx Xxxxxx if Xxxxxx accepts contingent payments or notpayments. If a Xxxxxx Xxxxxx Xxxxxx client prefers that we not accept contingent compensation related to their account, we will request that the client’s insurer(s) exclude that client’s current and future business from their contingent payment calculations. XXXXXXWillPLACE WillPLACE, MarineMar a proprietary online tool, provides Xxxxxx brokers with access to global placement information so that we can seek to develop solutions for you with appropriate markets at competitive prices and TerrorMar“Mar Arrangements”) Business lines within terms. Some insurers pay Xxxxxx Xxxxxx Xxxxxx which operate Mar Arrangements have separate teams that provide a wide range an Administration and Maintenance Fee for reporting on their book of services direct to certain insurers that place business for the Mar Arrangement relevant to that business linebusiness. A separate fee is paid by insurers for the delivery Some of these insurers pay Xxxxxx an additional fee: (i) equal to 1% of the premium cost for placements matched through the WillPLACE system; or (ii) negotiated as a fixed fee, including where required by the law of a particular jurisdiction, or where such services to them. This fee is calculated within are provided under a broader agreement covering a range of 3.125% and 7.50% (plus VAT) of the overall premiums placed depending on the scale of services providedcarrier services. Insurers have agreed that they will bear this fee as part of their operating costs and not to increase premiums directly payable by Xxxxxx Xxxxxx Xxxxxx’x Xxxxxx’ clients. Panels Xxxxxx Xxxxxx Xxxxxx develops panels of insurers in certain market segments. Participating insurers are reviewed on a variety of factors. Commission rates on panel placements may be higher than rates paid on business placed outside of the panel process. Xxxxxx Xxxxxx Xxxxxx discloses its commission rates to clients on quotes obtained through the panel process prior to binding the coverage. In some instances, insurers pay an administration fee to participate in the panel process. Your Xxxxxx Xxxxxx Xxxxxx broker will provide you with additional information on Xxxxxx Xxxxxx Xxxxxx Panels upon request. Subscription Market Brokerage on Fee Business In Xxxxxx adds Subscription Market Brokerage in some territories outside of North Americaits core specialty businesses that place business into the subscription markets, predominantly in London. The principles underlying this Subscription Market Brokerage program include the following: ■ Xxxxxx Xxxxxx Xxxxxx obtains brokerage on business where our client pays us a fee. Our intention is required to seek remuneration for work that Xxxxxx Xxxxxx Xxxxxx carries out for all parties handle increased infrastructure costs such as those arising from presentations to and negotiations with multiple entities in the insurance transaction but subscription market; ■ Xxxxxx performs additional administrative, regulatory, accounting and support functions in order to complete subscription market placements. These functions benefit our clients and insurers; and ■ Working groups of underwriters in the subscription market recognize these additional costs and agree that a negotiated percentage of the premium to account for which these costs is appropriate and helps assure competitive access to that market. Xxxxxx Xxxxxx Xxxxxx is not otherwise sufficiently compensated. Some examples of this are believes that the vastly-increased best way to defray the cost of regulation, distribution and infrastructure coststhese functions is through this brokerage. This brokerage that Xxxxxx Xxxxxx Xxxxxx receives is a set percentage and is not contingent on achieving any level We will disclose the receipt of growth, retention or profit on the business concerned. You can choose Subscription Market Brokerage to exclude your current and future placements from being included in any of these carrier agreementsyou.

Contingent Compensation. Xxxxxx Xxxxxx Xxxxxx may accept certain forms of contingent compensation in locations where they are legally permissible permissible, and meet standards and controls to address conflicts of interest. Because insurers account for contingent payments when developing general pricing, the price our clients pay for their policies is not affected whether Xxxxxx Xxxxxx Xxxxxx accepts contingent payments or not. If a Xxxxxx Xxxxxx Xxxxxx client prefers that we not accept contingent compensation related to their account, we will request that the client’s insurer(s) exclude that client’s current and future business from their contingent payment calculations. XXXXXX, MarineMar and TerrorMar“Mar MarineMar, TerrorMar (“Mar Arrangements”) Business lines within Xxxxxx Xxxxxx Xxxxxx which operate Mar Arrangements have separate teams that provide a wide range of services direct to certain insurers that place business for the Mar Arrangement relevant to that business line. A separate fee is paid by insurers for the delivery of these services to them. This fee is calculated within a range of 3.125% and 7.50% (plus VAT) of the overall premiums placed depending on the scale of services provided. Insurers have agreed that they will bear this fee as part of their operating costs and not to increase premiums directly payable by Xxxxxx Xxxxxx Xxxxxx’x clients. Panels Xxxxxx Xxxxxx Xxxxxx develops panels of insurers in certain market segments. Participating insurers are reviewed on a variety of factors. Commission rates on panel placements may be higher than rates paid on business placed outside of the panel process. Xxxxxx Xxxxxx Xxxxxx discloses its commission rates to clients on quotes obtained through the panel process prior to binding the coverage. Your Xxxxxx Xxxxxx Xxxxxx broker will provide you with additional information on Xxxxxx Xxxxxx Xxxxxx Panels upon request. Brokerage on Fee Business In some territories outside of North America, Xxxxxx Xxxxxx Xxxxxx obtains brokerage on business where our client pays us a fee. Our intention is to seek remuneration for work that Xxxxxx Xxxxxx Xxxxxx carries out for all parties in the insurance transaction but for which Xxxxxx Xxxxxx Xxxxxx is not otherwise sufficiently compensated. Some examples of this are the vastly-increased cost of regulation, distribution and infrastructure costs. This brokerage that Xxxxxx Xxxxxx Xxxxxx receives is a set percentage and is not contingent on achieving any level of growth, retention or profit on the business concerned. You can choose to exclude your current and future placements from being included in any of these carrier agreements. Subscription Market Brokerage It is more likely than not that Xxxxxx Xxxxxx Xxxxxx will receive Subscription Market Brokerage in its core specialty businesses that place business into the subscription markets, predominantly in London. The principles underlying this Subscription Market Brokerage program include the following: ■ Xxxxxx Xxxxxx Xxxxxx is required to handle increased infrastructure costs such as those arising from presentations to and negotiations with multiple entities in the subscription market; ■ Xxxxxx Xxxxxx Xxxxxx performs additional administrative, regulatory, accounting and support functions in order to complete subscription market Xxxxxx Xxxxxx Xxxxxx Confidential placements. These functions benefit our clients and insurers; and ■ Working groups of insurers in the subscription market recognize these additional costs and agree that a negotiated percentage of the premium to account for these costs is appropriate and helps assure competitive access to that market. Xxxxxx Xxxxxx Xxxxxx believes that the best way to defray the cost of these functions is through this brokerage. We will disclose the receipt of Subscription Market Brokerage to you. You can choose to exclude your current and future placements from being subject to Subscription Market Brokerage.

Contingent Compensation. Xxxxxx Xxxxxx Xxxxxx may accept certain forms of contingent compensation in locations where they are legally permissible and meet standards and controls to address conflicts of interest. Because insurers account for contingent payments when developing general pricing, the price our clients pay for their policies is not affected whether Xxxxxx Xxxxxx Xxxxxx accepts contingent payments or not. If a Xxxxxx Xxxxxx Xxxxxx client prefers that we not accept contingent compensation related to their account, we will request that the client’s insurer(s) exclude that client’s current and future business from their contingent payment calculations. XXXXXX, MarineMar and TerrorMar“Mar Arrangements”) Business lines within Xxxxxx Xxxxxx Xxxxxx which operate Mar Arrangements have separate teams that provide a wide range of services direct to certain insurers that place business for the Mar Arrangement Ar- rangement relevant to that business line. . A separate fee is paid by insurers for the delivery of these services to them. This fee is calculated within a range of 3.125% and 7.50% (plus VAT) of the overall premiums placed depending on the scale of services provided. Insurers have agreed that they will bear this fee as part of their operating costs and not to increase premiums directly payable by Xxxxxx Xxxxxx Xxxxxx’x clients. Panels Xxxxxx Xxxxxx Xxxxxx develops panels of insurers in certain market segments. Participating insurers are reviewed on a variety of factors. Commission rates on panel placements may be higher than rates paid on business placed outside of the panel process. Xxxxxx Xxxxxx Xxxxxx discloses its commission com- mission rates to clients on quotes obtained through the panel process prior to binding the coverage. Your Xxxxxx Xxxxxx Xxxxxx broker will provide you with additional information on Xxxxxx Xxxxxx Xxxxxx Wat- son Panels upon request. Brokerage on Fee Business In some territories outside of North America, Xxxxxx Xxxxxx Xxxxxx obtains brokerage on business where our client pays us a fee. Our intention is to seek remuneration for work that Xxxxxx Xxxxxx Xxxxxx carries out for all parties in the insurance transaction but for which Xxxxxx Xxxxxx Xxxxxx is not otherwise sufficiently compensated. Some examples of this are the vastly-increased cost of regulationreg- ulation, distribution and infrastructure costs. This brokerage that Xxxxxx Xxxxxx Xxxxxx receives is a set percentage and is not contingent on achieving any level of growth, retention or profit on the business concerned. You can choose to exclude your current and future placements from being included in any of these carrier agreements.

Contingent Compensation. Xxxxxx Xxxxxx Xxxxxx may accept certain forms of contingent compensation in locations where they are legally permissible permissible, and meet standards and controls to address conflicts of interest. Because insurers account for contingent payments when developing general pricing, the price our clients pay for their policies is not affected whether Xxxxxx Xxxxxx Xxxxxx accepts contingent payments or not. If a Xxxxxx Xxxxxx Xxxxxx client prefers that we not accept contingent compensation related to their account, we will request that the client’s insurer(s) exclude that client’s current and future business from their contingent payment calculations. XXXXXX, MarineMar and TerrorMar“Mar TerrorMar (“Mar Arrangements”) Business lines within Xxxxxx Xxxxxx Xxxxxx which operate Mar Arrangements have separate teams that provide a wide range of services direct to certain insurers that place business for the Mar Arrangement relevant to that business line. . A separate fee is paid by insurers for the delivery of these services to them. This fee is calculated within a range of 3.125% and 7.50% (plus VAT) of the overall premiums placed depending on the scale of services provided. Insurers have agreed that they will bear this fee as part of their operating costs and not to increase premiums directly payable by Xxxxxx Xxxxxx Xxxxxx’x clients. Panels Xxxxxx Xxxxxx Xxxxxx develops panels of insurers in certain market segments. Participating insurers are reviewed on a variety of factors. Commission rates on panel placements may be higher than rates paid on business placed outside of the panel process. Xxxxxx Xxxxxx Xxxxxx discloses its commission rates to clients on quotes obtained through the panel process prior to binding the coverage. Your Xxxxxx Xxxxxx Xxxxxx broker will provide you with additional information on Xxxxxx Xxxxxx Xxxxxx Panels upon request. Brokerage on Fee Business In some territories outside of North America, Xxxxxx Xxxxxx Xxxxxx obtains brokerage on business where our client pays us a fee. Our intention is to seek remuneration for work that Xxxxxx Xxxxxx Xxxxxx carries out for all parties in the insurance transaction but for which Xxxxxx Xxxxxx Xxxxxx is not otherwise sufficiently compensated. Some examples of this are the vastly-increased cost of regulation, distribution and infrastructure costs. This brokerage that Xxxxxx Xxxxxx Xxxxxx receives is a set percentage and is not contingent on achieving any level of growth, retention or profit on the business concerned. You can choose to exclude your current and future placements from being included in any of these carrier agreements. Subscription Market Brokerage It is more likely than not that Xxxxxx Xxxxxx Xxxxxx will receive Subscription Market Brokerage in some of its core specialty businesses that place business into the subscription markets, predominantly in London. The principles underlying this Subscription Market Brokerage program include the following: • Xxxxxx Xxxxxx Xxxxxx is required to handle increased infrastructure costs such as those arising from presentations to and negotiations with multiple entities in the subscription market; • Xxxxxx Xxxxxx Xxxxxx performs additional administrative, regulatory, accounting and support functions in order to complete subscription market placements. These functions benefit our clients and insurers; and • Working groups of insurers in the subscription market recognize these additional costs and agree that a negotiated percentage of the premium to account for these costs is appropriate and helps assure competitive access to that market. Xxxxxx Xxxxxx Xxxxxx believes that the best way to defray the cost of these functions is through this brokerage. We will disclose the receipt of Subscription Market Brokerage to you. You can choose to exclude your current and future placements from being subject to Subscription Market Brokerage.

Contingent Compensation. Xxxxxx Xxxxxx Xxxxxx may accept certain forms of contingent compensation in locations where they are legally permissible and meet standards and controls to address conflicts of interest. Because insurers account for contingent payments when developing general pricing, the price our clients pay for their policies is not affected whether Xxxxxx Xxxxxx Xxxxxx accepts contingent payments or not. If a Xxxxxx Xxxxxx Xxxxxx client prefers that we not accept contingent compensation related to their account, we will request that the client’s insurer(s) exclude that client’s current and future business from their contingent payment calculations. XXXXXX, MarineMar and TerrorMar“Mar TerrorMar (“Mar Arrangements”) Business lines within Xxxxxx Xxxxxx Xxxxxx which operate Mar Arrangements have separate teams that provide a wide range of services direct to certain insurers that place business for the Mar Arrangement relevant to that business line. A separate fee is paid by insurers for the delivery of these services to them. This fee is calculated within a range of 3.125% and 7.50% (plus VAT) of the overall premiums placed depending on the scale of services provided. Insurers have agreed that they will bear this fee as part of their operating costs and not to increase premiums directly payable by Xxxxxx Xxxxxx Xxxxxx’x clients. Panels Xxxxxx Xxxxxx Xxxxxx develops panels of insurers in certain market segments. Participating insurers are reviewed on a variety of factors. Commission rates on panel placements may be higher than rates paid on business placed outside of the panel process. Xxxxxx Xxxxxx Xxxxxx discloses its commission rates to clients on quotes obtained through the panel process prior to binding the coverage. Your Xxxxxx Xxxxxx Xxxxxx broker will provide you with additional information on Xxxxxx Xxxxxx Xxxxxx Panels upon request. Brokerage on Fee Business In some territories outside of North America, Xxxxxx Xxxxxx Xxxxxx obtains brokerage on business where our client pays us a fee. Our intention is to seek remuneration for work that Xxxxxx Xxxxxx Xxxxxx carries out for all parties in the insurance transaction but for which Xxxxxx Xxxxxx Xxxxxx is not otherwise sufficiently compensated. Some examples of this are the vastly-vastly increased cost of regulation, distribution and infrastructure costs. This brokerage that Xxxxxx Xxxxxx Xxxxxx receives is a set percentage and is not contingent on achieving any level of growth, retention or profit on the business concerned. You can choose to exclude your current and future placements from being included in any of these carrier agreements. Subscription Market Brokerage It is more likely than not that Xxxxxx Xxxxxx Xxxxxx will receive Subscription Market Brokerage in its core specialty businesses that place business into the subscription markets, predominantly in London. The principles underlying this Subscription Market Brokerage program include the following: • Xxxxxx Xxxxxx Xxxxxx is required to handle increased infrastructure costs such as those arising from presentations to and negotiations with multiple entities in the subscription market; • Xxxxxx Xxxxxx Xxxxxx performs additional administrative, regulatory, accounting and support functions in order to complete subscription market placements. These functions benefit our clients and insurers; and • Working groups of insurers in the subscription market recognize these additional costs and agree that a negotiated percentage of the premium to account for these costs is appropriate and helps assure competitive access to that market. Xxxxxx Xxxxxx Xxxxxx believes that the best way to defray the cost of these functions is through this brokerage. We will disclose the receipt of Subscription Market Brokerage to you. You can choose to exclude your current and future placements from being subject to Subscription Market Brokerage.

Contingent Compensation. Xxxxxx Xxxxxx Xxxxxx may accept certain forms of contingent compensation in locations where they are legally permissible permissible, and meet standards and controls to address conflicts of interest. Because insurers account for contingent payments when developing general pricing, the price our clients pay for their policies is not affected whether Xxxxxx Xxxxxx Xxxxxx accepts contingent payments or not. If a Xxxxxx Xxxxxx Xxxxxx client prefers that we not accept contingent compensation related to their account, we will request that the client’s insurer(s) exclude that client’s current and future business from their contingent payment calculations. XXXXXX, MarineMar and TerrorMar“Mar Arrangements”) Business lines within Xxxxxx Xxxxxx Xxxxxx which operate Mar Arrangements have separate teams that provide a wide range of services direct to certain insurers that place business for the Mar Arrangement relevant to that business line. A separate fee is paid by insurers for the delivery of these services to them. This fee is calculated within a range of 3.125% and 7.50% (plus VAT) of the overall premiums placed depending on the scale of services provided. Insurers have agreed that they will bear this fee as part of their operating costs and not to increase premiums directly payable by Xxxxxx Xxxxxx Xxxxxx’x clients. Panels Xxxxxx Xxxxxx Xxxxxx develops panels of insurers in certain market segments. Participating insurers are reviewed on a variety of factors. Commission rates on panel placements may be higher than rates paid on business placed outside of the panel process. Xxxxxx Xxxxxx Xxxxxx discloses its commission rates to clients on quotes obtained through the panel process prior to binding the coverage. Your Xxxxxx Xxxxxx Xxxxxx broker will provide you with additional information on Xxxxxx Xxxxxx Xxxxxx Panels upon request. Brokerage on Fee Business In some territories outside of North America, Xxxxxx Xxxxxx Xxxxxx obtains brokerage on business where our client pays us a fee. Our intention is to seek remuneration for work that Xxxxxx Xxxxxx Xxxxxx carries out for all parties in the insurance transaction but for which Xxxxxx Xxxxxx Xxxxxx is not otherwise sufficiently compensated. Some examples of this are the vastly-increased cost of regulation, distribution and infrastructure costs. This brokerage that Xxxxxx Xxxxxx Xxxxxx receives is a set percentage and is not contingent on achieving any level of growth, retention or profit on the business concerned. You can choose to exclude your current and future placements from being included in any of these carrier agreements. Subscription Market Brokerage It is more likely than not that Xxxxxx Xxxxxx Xxxxxx will receive Subscription Market Brokerage in its core specialty businesses that place business into the subscription markets, predominantly in London. The principles underlying this Subscription Market Brokerage program include the following: • Xxxxxx Xxxxxx Xxxxxx is required to handle increased infrastructure costs such as those arising from presentations to and negotiations with multiple entities in the subscription market; • Xxxxxx Xxxxxx Xxxxxx performs additional administrative, regulatory, accounting and support functions in order to complete subscription market placements. These functions benefit our clients and insurers; and • Working groups of insurers in the subscription market recognize these additional costs and agree that a negotiated percentage of the premium to account for these costs is appropriate and helps assure competitive access to that market. Xxxxxx Xxxxxx Xxxxxx believes that the best way to defray the cost of these functions is through this brokerage. We will disclose the receipt of Subscription Market Brokerage to you. You can choose to exclude your current and future placements from being subject to Subscription Market Brokerage.

Contingent Compensation. Xxxxxx Xxxxxx Xxxxxx may accept certain forms of contingent compensation in locations where they are legally permissible permissible, and meet standards and controls to address conflicts of interest. Because insurers account for contingent payments when developing general pricing, the price our clients pay for their policies is not affected whether Xxxxxx Xxxxxx Xxxxxx accepts contingent payments or not. If a Xxxxxx Xxxxxx Xxxxxx client prefers that we not accept contingent compensation related to their account, we will request that the client’s insurer(s) exclude that client’s current and future business from their contingent payment calculations. XXXXXX, MarineMar MarineMar, and TerrorMar“Mar TerrorMar (“Mar Arrangements”) Business lines within Xxxxxx Xxxxxx Xxxxxx which operate Mar Arrangements have separate teams that provide a wide range of services direct to certain insurers that place business for the Mar Arrangement relevant to that business line. . A separate fee is paid by insurers for the delivery of these services to them. This fee is calculated within a range of 3.125% and 7.50% (plus VAT) of the overall premiums placed depending on the scale of services provided. Insurers have agreed that they will bear this fee as part of their operating costs and not to increase premiums directly payable by Xxxxxx Xxxxxx Xxxxxx’x clients. Panels Xxxxxx Xxxxxx Xxxxxx develops panels of insurers in certain market segments. Participating insurers are reviewed on a variety of factors. Commission rates on panel placements may be higher than rates paid on business placed outside of the panel process. Xxxxxx Xxxxxx Xxxxxx discloses its commission rates to clients on quotes obtained through the panel process prior to binding the coverage. Your Xxxxxx Xxxxxx Xxxxxx broker will provide you with additional information on Xxxxxx Xxxxxx Xxxxxx Panels upon request. Brokerage on Fee Business In some territories outside of North America, Xxxxxx Xxxxxx Xxxxxx obtains brokerage on business where our client pays us a fee. Our intention is to seek remuneration for work that Xxxxxx Xxxxxx Xxxxxx carries out for all parties in the insurance transaction but for which Xxxxxx Xxxxxx Xxxxxx is not otherwise sufficiently compensated. Some examples of this are the vastly-increased cost of regulation, distribution and infrastructure costs. This brokerage that Xxxxxx Xxxxxx Xxxxxx receives is a set percentage and is not contingent on achieving any level of growth, retention or profit on the business concerned. You can choose to exclude your current and future placements from being included in any of these carrier agreements. Subscription Market Brokerage It is more likely than not that Xxxxxx Xxxxxx Xxxxxx will receive Subscription Market Brokerage in its core specialty businesses that place business into the subscription markets, predominantly in London. The principles underlying this Subscription Market Brokerage program include the following: ■ Xxxxxx Xxxxxx Xxxxxx is required to handle increased infrastructure costs such as those arising from presentations to and negotiations with multiple entities in the subscription market; ■ Xxxxxx Xxxxxx Xxxxxx performs additional administrative, regulatory, accounting and support functions in order to complete subscription market placements. These functions benefit our clients and insurers; and ■ Working groups of insurers in the subscription market recognize these additional costs and agree that a negotiated percentage of the premium to account for these costs is appropriate and helps assure competitive access to that market. Xxxxxx Xxxxxx Xxxxxx believes that the best way to defray the cost of these functions is through this brokerage. We will disclose the receipt of Subscription Market Brokerage to you. You can choose to exclude your current and future placements from being subject to Subscription Market Brokerage.